Major cryptocurrency exchange KuCoin lists rival Binance Coin, supports Binance Chain projects
Fri, 21 Jun 2019, 03:36 am UTC
Singapore-based cryptocurrency exchange KuCoin announced that it has listed Binance’s native token Binance Coin (BNB).
In a press release, KuCoin said that it will start offering BNB trading pairs with Bitcoin (BTC) and Tethers (USDT).
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
“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,” Michael Gan, KuCoin CEO, wrote on Twitter.
Describing KuCoin’s latest initiative a “very smart move,” Binance CEO Changpeng Zhao also tweeted that “Exchanges need good projects. How many exchanges can afford to not have access to Binance Chain tokens/projects? If you are going to support it sooner or later, then sooner is better.”
The recent move makes KuCoin the first major crypto exchange to list rival Binance Coin.
In addition, KuCoin revealed that it will also be supporting projects running on Binance Chain.
As previously reported, Binance will issue a number of crypto-pegged tokens on Binance Chain, which will also be made available on Binance DEX. The company said the first token to be issued will be BTCB, a BEP2 token 100% pegged to Bitcoin.
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