KuCoin Continues Adding Top Altcoins, Lists 0x (ZRX)

via QuoteInspector.com

KuCoin, a Singapore-based cryptocurrency exchange, has announced the listing of 0x (ZRX), the token behind the open protocol that facilitates the friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain.

According to the announcement, ZRX trading begins today with initial Bitcoin and Ethereum trading pairs.

The news comes just days after KuCoin listed TRON (TRX), indicating that KuCoin is making a concerted effort to bring top altcoin projects onboard its platform. This is in contrast to its previous strategy to focus largely on up-and-coming altcoins, providing investors with a means to gain exposure to small-cap projects.

The string of listings is also likely part of an effort to boost the image of the platform, which recently came under fire after¬†rumors circulated that the exchange¬†may¬†not be fully legitimate. Additionally, the top altcoin additions will likely work to drive trading activity on the platform, which will benefit investors who hold the exchange’s token (KCS), which pays out 50% of daily trading fees in the form of a daily KCS payout.

Additionally, KuCoin announced this week that it will be extending its white paper KCS token lock-up period for an additional year. The decision suggests KuCoin insiders see significantly more value in the exchange and its profit-sharing tokens than the current price.

0x and KCS are ranked 2nd and 5th, respectively, in the AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens.

More: 0x (ZRX) Gets Listed on KuCoin!

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts