KuCoin makes a "smart move" by showing support for its rival exchange Binance's products: Binance Coin (BNB) and Binance Chain projects.
Starting 16:00 on June 19, 2019 (UTC+8), deposits will be accepted by KuCoin. Trading opens on the same day at 18:00, while withdrawal begins at 18:00 on June 21.
Binance Coin (BNB) is now on KuCoin. Supported trading pairs include BNB/BTC and BNB/USDT. Deposits will open at 16:00 on June 19, 2019 (UTC+8), trading will start at 18:00 on June 19, 2019 (UTC+8) and withdrawal will open at 18:00 on June 21, 2019 (UTC+8).#KCS #BNB #BTC #USDT pic.twitter.com/e4NxFmTEgg
— KuCoin Updates (@KuCoinUpdates) June 19, 2019
Other than adding Binance’s native coin, KuCoin also revealed that it will support projects that run on Binance Chain.
“In order to meet users’ demands for new blockchain technologies, KuCoin is happy to announce that we will support projects running on Binance Chain.”
News of KuCoin listing BNB earned the praise of the community as Binance is considered as a rival of KuCoin.
Chao Zhangpen, CEO of Binance, said that supporting BNB and Binance Chain was a smart move.
“Very smart move from KuCoin to support #BinanceChain and $BNB. 1. Access to many strong projects already (and will be) on Binance Chain. 2. Attract BNB traders and holders, especially users we had not been able to service.”
Kucoin CEO Michael Gan, in response, expresses his intention to “support promising blockchain projects.”
KuCoin is always willing to support promising blockchain projects that bring values to the world. Blockchain mass adoption is the end game and we are all going after the same objective. ? https://t.co/pV1UA0ILin
— Michael Gan (@gan_chun) June 19, 2019
Meanwhile, the BNB/USD pair crossed the $35 mark and trades at $35.33 at press time, with a 1.91-percent change in the last 24 hours.
“KuCoin logo on a computer screen with a magnifying glass”by wuestenigel is licensed under CC BY 2.0