KuCoin aims for greater market share with Tezos listingAccording to the latest report, a Hong Kong-based digital currency exchange KuCoin made an announcement on its official Twitter handle that it has included Tezos (XTZ) on its platform.
Tezos (XTZ) is now available on KuCoin, you can deposit now. Supported trading pairs include XTZ/BTC and XTZ/USDT. Trading will start at 18:00 on June 28, 2019 (UTC+8) and withdrawal will open at 18:00 on July 1, 2019 (UTC+8).@tezos #KCS #XTZ #BTC #USDT pic.twitter.com/8sCxdYS8io
— KuCoin Updates (@KuCoinUpdates) June 28, 2019
KuCoin is a leading crypto exchange that reportedly trades over two hundred dollars per day. Listing of the Tezos on its platform is a move that the exchange made in order to acquire market share in the United States. The Tezos is a high earning project with a market cap of around seven hundred million dollars, but with low liquidity.
This announcement came right after another crypto exchange Binance disclosed that the exchange is going to be booting the users from the main Binance.com platform and specifically from the U.S and will move the user to a U.S specific platform with limited listings, which means various digital currencies such as Tezos will not be included in the list of the exchange’s U.S only platform. Some crypto analysts are claiming that Binance’s token BNB is even not listed on the platform.
At the time of writing this article, the Tezos (XTY) tokens are trading at approximately $0.95, after a six percent fall in the last twenty-four-hour window. Moreover, the mainnet for this digital currency was reportedly launched last year in September with two hundred and thirty-two ICO.
Tezos is designed to be a highly adaptive cryptocurrency that enables “on-chain governance” while offering an unparalleled proof-of-stake blockchain.
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