KuCoin Shares (KCS) Jump 9% After 2.0 Upgrade Time Announced


KuCoin Shares¬†(KCS), the token associated with the Singapore-based crypto exchange, is up more than 9% on news of the impending release of the exchange’s 2.0 upgrade.

According to the announcement, the transition to 2.0 will begin on February 18 at 3:00 AM (EST) and last approximately 14 hours.

KuCoin 2.0 brings the following upgrades to the platform:

  • Advanced API designed to offer an easy and efficient way to develop a programmatic¬†trading strategy with Level 2 and Level 3 data.
  • Added Limit, Stop, Market, Post Only and Iceberg order types.
  • Numerous updates to the security mechanisms, including SMS authentication, a device trust system and protective walls to reinforce user information and assets.
  • A more attractive fee program with a new tiered trading fee discount program that introduces separate trading fees for takers and makers while improving liquidity and transaction efficiency.
  • Upgrades to the KuCoin Referral Program to¬†distribute KCS after the upgrade is completed.

While KCS initially rallied to over $0.42, it has since pulled back to $0.401597, giving the token a $36.2 million market cap.

KCS/USD via CoinCodex

This move was predicted in our recent premium analysis¬†where we pointed to Binance Coin’s (BNB) recent run as a leading indicator and the impending release of 2.0 as a future catalyst for KCS.

More: 7 Third-Party Integrations That Make It Easier Than Ever To Trade Crypto On KuCoin
Premium: KuCoin Shares (KCS) May Benefit From Binance Coin’s Recent Surge

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.

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