KuCoin Lists Binance Coin, Supports Binance Chain Projects

[Cisco]

Singapore-based cryptocurrency exchange KuCoin has announced that it is now listing the cryptocurrency Binance Coin (BNB) issued by the exchange Binance, according to a press release on June 19.

KuCoin will reportedly offer BNB trading pairs with Bitcoin (BTC) and Tether (USDT). The announcement also notes that KuCoin will support projects based on Binance’s native blockchain, Binance Chain, in addition to its native coin BNB.

The recent development shows that major trading institutions are putting trust in Binance’s token-vetting process on its initial exchange offering platform.

At press time, KuCoin is the 46th largest cryptocurrency exchange on CoinMarketCap, with an adjusted 24-hour trade volume of over $47 million.

Binance recently partnered with TrustTroken to offer the latter’s dollar-backed stablecoin TrueUSD (TUSD) on the exchange as a fiat-to-crypto conversion mechanism. There are reportedly no additional fees to buy the stablecoin, and users can then use TUSD to convert their funds one-to-one with U.S. dollars.

As recently reported by Cointelegraph, researchers at Binance conjectured that social media giant Facebook’s upcoming Libra stablecoin could increase the crypto market’s volume by making crypto payments more accessible. The researchers discussed how Libra aims at becoming a global currency standard, saying:

“Backed by a basket of fiat currency-denominated assets in its initial release, Libra represents a first attempt at creating a world currency, on-chain or not, with everyday usage by billions of individuals and institutions across the globe.”

Link

[aiviaa485]

I don't think KuCoin also wants to miss out on the best moments of Binance because Binance has altcoins that have Exchange number 1 in the world.
I also think that KuCoin is appropriate in working with the Binance chain because almost all of the altcoins now created are around 30% of BEP20, this is my experience seeing in IEO Binance and other exchanges.

[Tanimariya]

Your feedback is acceptable. Of course kucoin wants the best coins. Appropriate time to work with more binance chain. binance is one of the best exchanges in the world. Many of the best altcoins are listed in binance. If kucoin works with binance chain then I support it.

[masudginanjar]

KuCoin is responsive to this problem because the problem now is that popularity is the reference for altcoins to shine in the future.
Binace is now victorious and many markets are happy with Binance, then KuCoin is good at seducing a girl who is the belle of all men, namely Binance!

Congrats for KuCoin, you already understand the cryptocurrency business because of the future who knows!

[kent47400]

The collaboration between these means proves that KuCoin has great confidence in Binance.
With something like this, it is certain that this is a wide open step for Binance to acquire KuCoin, if one day KuCoin goes bankrupt.