KuCoin makes a "smart move" by showing support for its rival exchange Binance's products: Binance Coin (BNB) and Binance Chain projects.
Singapore-based cryptocurrency exchange KuCoin announced that it has now listed Binance Coin (BNB), giving clients access to two trading pairs: BNB/BTC and BNB/USDT.
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.
https://twitter.com/KuCoinUpdates/status/1141235918281613312
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.”
https://twitter.com/gan_chun/status/1141254499031326725
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.
| RELATED: Binance to Launch First Own Stablecoin Within Few Weeks
“KuCoin logo on a computer screen with a magnifying glass”by wuestenigel is licensed under CC BY 2.0
