New Paxos Standard Token (PAX) to Be Added to KuCoin’s Market
In an announcement on the official KuCoin website, it seems that the platform has decided to list their new digital asset – the Paxos Standard Token (PAX). It opens the PAX market for deposit, along with many other services. PAX is meant to be a “liquid, digital alternative to cash that is available 24/7 for instantaneous transaction settlement,” according to KuCoin.
During this new listing, traders will be able to trade with three pairs right now, involving BTC, ETH, and USDT, which will be added to the platform on October 15th at 22:00 (UTC+8). Withdrawals on these investments will open two days later on October 17th at 20:00 (UTC+8). As a way to promote more investors to participate while the token is onboarded, the company is offering a 99% discount on the trading fees from October 15th to October 22nd.
At this point, PAXOS is the “the world’s first regulated stablecoin issued by Paxos.” Consumers can learn more about the token by visiting paxos.com