More

    Decentralized Protocol Kyber Network (KNC) To Launch On Coinbase Pro

    In a blog post, Coinbase announced its support for Kyber Network’s KNC token. According to the announcement, the KNC token will be available for trading on Coinbase Pro, which is the trading platform set for experienced clients within the giant exchange.

    According to the press statement released by the giant crypto exchange platform, clients will be allowed to deposit KNC tokens on Feb. 24. The statement also stated that trading for the token will commence on Feb. 25 but will depend on whether the set liquidity parameters will be attained.

    Coinbase also stated that support and trading for KNC tokens will only be available in all the jurisdiction which Coinbase Pro services are available in the US apart from New York. The exchange also announced that KNC token trading will not be available in the United Kingdom. The KNC token launch will follow the previous launches whereby transfers will only open during the business hours, specifically pacific time.

    After enough supply of KNC tokens is reached within the platform, Coinbase Pro explained that it will introduce KNC/USD as well as KNC/BTC trading order books in phases.

    However, KNC token is not yet listed on Coinbase’s website as well as mobile apps owned by the exchange. The exchange states that an announcement will be made once the support is added.

    KNC platform is developed on Ethereum blockchain where the token is utilized for fees payment within the Kyber Network. The Kyber Network aims at making it easy to swap virtual assets as well as cryptocurrencies. Currently, KNC token is valued at $0.55 as per CoinGecko data.

    Coinbase states that one of the most frequent requests they receive from the clients is a chance to trade as many assets within the platform as possible. The support for KNC token is a sign that the exchange is determined to add more virtual assets to the platform. The platform states that plans are underway to add more assets if they meet the listing rules and guidelines.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Joseph Kibe
    Joseph Kibe
    Joseph is a blockchain and cryptocurrency enthusiast, with a strong conviction that exposure of blockchain technology is for the good of the society. Fascinated by the massive potential of cryptocurrencies and the technology behind them – blockchain – Joseph spent lots of his time learning more about the industry, becoming a polished expert writer in the sector. He covers any cryptocurrency and blockchain related content.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,351FansLike
    2,770FollowersFollow
    4,133FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    IOHK Reboots Byron Codebase, A Big Step Towards Cardano's Shelley Blockchain Upgrade

    IOHK Team has released a statement that the Byron upgrade is now complete. As per a press release, the upgrade will allow a seamless...

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.