Crypto exchanges Poloniex and KuCoin are set to research the crypto industry together, hope to benefit the whole sector.
Crypto exchange KuCoin has unveiled dealings with another exchange, Poloniex, in an effort to move the crypto industry forward.
"KuCoin and Poloniex will join hands in trading technology research and development, liquidity sharing, product iterations, PoS [proof-of-stake] and PoW [proof-of-work] mining pools, and other industrial exploration," said a statement provided to Cointelegraph.
Together, Poloniex and KuCoin aim to help the crypto industry progress as a whole, instead of competing against each other within the sector, the statement detailed.