KuCoin Shares (KCS) Raised 9% After 2.0 Upgrade Time Announced

6,467

KuCoin Shares (KCS), the token associated with the crypto exchange, is up more than 9% on news of the impending release of the exchange’s 2.0 upgrade.

According to the announcement, the transition to 2.0 will begin in 24h, exactly on February 18 at 3:00 AM (EST) and last approximately 14 hours.

KuCoin 2.0 brings the following upgrades to the platform:

  • Advanced API designed to offer an easy and efficient way to develop a programmatic trading strategy with Level 2 and Level 3 data.
  • Added Limit, Stop, Market, Post Only and Iceberg order types.
  • Numerous updates to the security mechanisms, including SMS authentication, a device trust system and protective walls to reinforce user information and assets.
  • A more attractive fee program with a new tiered trading fee discount program that introduces separate trading fees for takers and makers while improving liquidity and transaction efficiency.
  • Upgrades to the KuCoin Referral Program to distribute KCS after the upgrade is completed.

While KCS initially raise to over $0.42, it has since pulled back to $0.409597, giving the token a $36.6 million market cap.

KCS/USD via CoinCodex

 

Subscribe to our newsletter
Subscribe to our newsletter
Sign up here to get the latest news and updates delivered directly to your inbox.
You can unsubscribe at any time

Comments are closed.