KuCoin Taps ELFi Protocol to Bolster Derivatives Trading

KuCoin Ventures announces a new partnership forged through a “strategic investment.”

Johhny Lyu pointing at his T-shirt with an ELFi Protocol logo on it.
Created by Gabor Kovacs from DailyCoin
  • KuCoin Ventures has announced a new partnership.
  • The partnership was marked with a strategic investment.
  • The collaboration is expected to unlock new opportunities for both parties.

Crypto exchange KuCoin’s investment arm has partnered with ELFi protocol, marking a key milestone in the innovation of the crypto derivatives market.

ELFi is a decentralized derivatives trading platform with a range of liquidity pool designs for retail and institutional investors, including LSD re-collateralized liquidity pools and stablecoin liquidity pools. The protocol is a pioneer in supporting Portfolio Margin within the P2Pool model.

KuCoin Ventures Invests in ELFi

In a blog post dated May 20, KuCoin Ventures announced its strategic investment in ELFi and a partnership that “is expected to unlock new opportunities for both parties.


While ELFi will benefit from enhanced liquidity and leverage industry insights provided by KuCoin ventures to “achieve substantial growth,” the protocol’s cutting-edge trading solutions will diversify and bolster KuCoin’s services.

These solutions include sophisticated risk management systems for listing contracts across various risk levels and advanced features geared toward meeting market and user demand, such as asset pricing and LST asset support.

KuCoin exchange CEO Johnny Lyu lauded the collaboration, noting that it transcended financial gains.


“KuCoin Ventures is excited to partner with ELFi, a platform that shares our vision for a more open and accessible financial future. This investment is not just financial; it's a strategic move to integrate ELFi's innovative trading solutions into our ecosystem, providing our users with a superior trading experience.” Lyu stated.

Although KuCoin Ventures didn’t clarify how much it invested in ELFi, the protocol said on Monday that it had raised $5 million in two strategic funding rounds, with KuCoin Ventures and IDG Capital leading the latest round’s investment.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.