Some positive news coming from the popular exchange, KuCoin, has led to a solid uptick in the cryptocurrency of the same name. KuCoin Shares (KCS) is up nearly five percent overnight as a series of news-worthy developments are released in time for the potential bull run investors in the market are expecting.
KuCoin, the exchange known for its low fees and impressive list of altcoins, is experiencing a well-timed influx of headlines just in time for this expected increase in market participation. From the new listing of Arcblock (ABT), the creation of “special treatment areas” for underperforming currencies, and the re-implementation of their generous referral bonus, KuCoin looks ready to grab the bull by the horns heading into summer.
Adding to the long list of altcoins available on the KuCoin exchange, the addition of Arcblock (ABT) has made the news cycle recently. Arcblock (ABT) is an open source protocol providing an abstract layer for accessing underlying blockchains. Billing itself as the “world’s first blockchain ecosystem for building and deploying decentralized applications,” the new listing may be boosting KuCoin’s (KCS) value as much as KuCoin is boosting theirs.
But that’s not the only news increasing the value of the exchange based token. KuCoin has recently implemented a novel way of dealing with under-performing coins. While the inclusion of coins that consistently sink in value may be necessary to balance the growing number of altcoins doing well on the exchange, these dogs of the crypto-universe shouldn’t be allowed to bog down solid players as investors wade through the diverse listings on the expanding platform. KuCoin’s answer to the problem of under-performing currencies is to separate them into a “special treatment area.” This area will also include coins that have become ensnared with legal issues. Including this area will give consumers a warning to use caution before dropping their hard-earned Ethereum (ETH) or Bitcoin (BTC) on a wildcard cryptocurrency listed on the exchange. Giving consumers the ability to discern from the good and bad players available gives KuCoin an extra level of credibility that may be translating into an increased market value for KuCoin Shares (KCS).
The main reason behind the sudden rise in value for the token, however, is more likely due to the reinstatement of the Referral Bonus Program. Allowing savvy consumers to invite their friends and reap solid rewards will no doubt help the growth of the exchange over the long run. The bonus will be effective for the next year, gifting twenty percent of the value on each referred order. An expected increase in the exchange’s user base will obviously increase the value of the exchange token, KuCoin Shares (KCS), which gives holders of the token a share in the companies revenues.
The series of developments coming out about KuCoin speaks volumes about the expected increase in participation across the market. And as we watch the little green candlesticks representing the value of cryptocurrencies grow over the coming day(s), it may be time to reach out from the comfort of our favorite exchanges and experiment with another we have yet to try. KuCoin and KuCoin Shares (KCS), with the reinstatement of their Referral Bonus Program, look ready to benefit from the influx of wealth the general market is experiencing.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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