KuCoin cryptocurrency exchange announced a launch of new BCH trading pairs. The trading started on Jan. 17, 2018 at 22 p.m. UTC+8, reports the company’s press release. The exchange management decided to open new trading pairs for BCH as a response to their community requests.
Six pairs to start with
The KuCoin, a multi-cryptocurrency exchange based in Hong Kong, recently revealed its plans to add Bitcoin Cash Market enabling users to trade using BCH pairs. All KuCoin traders will have access to the six trading pairs: KCS/BCH, ACT/BCH, DAT/BCH, XAS/BCH, UTK/BCH, DENT/BCH.
KuCoin states that it’s the first cryptocurrency exchange to offer this. In the first week of 2018 KuСoin's traffic has tripled, currently at half a million users, as reported by Anything Crypto on Jan. 11.
Previously Bitstamp Bitcoin exchange based in Luxembourg started trading BCH/BTC, BCH/EUR and BCH/USD on Dec. 5, 2017. CoinEx exchange based in the UK announced similar plans in early December 2017.
The KuCoin exchange also revealed plans to launch the following trading pairs: BCH/RPX, BCH/QLC, BCH/DBC, BCH/BNTY, BCH/DRGN, BCH/LTC, BCH/PRL. The exact date of the start of trading is being specified.
Big promotion campaign
Along with the trading pairs launch, the KuCoin exchange announced a huge promotion for all traders with giveaways of more than $350,000 worth of tokens plus and five BTC in giveaways. Any trader has a chance to win a reward in relevant tokens. There are four kinds of competitions listed in the announcement text.
The exchange created a special telegram chat to support traders: https://t.me/Kucoin_Exchange.
About KuCoin
KuCoin was launched on Sept. 15, 2017, and it operates on a crypto-to-crypto basis, which means that no fiat currencies are supported. Its digital assets portfolio is pretty extensive and besides, the platform uses KuCoin Shares (KCS) in a similar way to Binance, says Capitancoin website in its review. KuCoin does not offer margin trading and have not disclosed whether there is any minimum investment required. The exchange offers 24/7 customer service and it is known for posting coin pairs before they hit other major cryptocurrency exchanges.
The founding team of KuCoin Exchange has carried out research on Blockchain technology as early as in 2011 and achieved the technical architecture of KuCoin exchange platform in 2013, says the exchange’s official website.