KuCoin, the Hong Kong based digital asset and cryptocurrency exchange, lists Tezos cryptocurrency on its platform. Tezos is allegedly aiming to achieve a larger market share through this listing.
As per the latest report, KuCoin, a Hong Kong-based cryptocurrency and virtual assets exchange broadcasted the announcement on its official Twitter handle. The announcement mentioned that the exchange has included Tezos (XTZ) on its platform.
Tezos [XTZ], Binance , and Kucoin
It is to be noted that KuCoin is one of the key cryptocurrency and digital asset exchanges. It is having a daily trading volume of more than $234 Million, as per coinmarketcap. The popular crypto exchange was founded in August 2017. Kucoin is sitting at 38th position in the list of of exchanges, on the basis of daily adjusted trading volume, as per coinmarketcap.
Notably, the move of Tezos listing is being considered as a move to gain more market share in the US. It is to be noted that the listing pronouncement came subsequent to the announcement of the popular crypto and digital asset exchange Binance. Recently, Binance divulged that it is shifting its US-based user base from the core Binance website to a United States specific platform with restricted listings. This essentially signifies that a number of virtual assets including Tezos [XTY] might not be incorporated in the United States specific version of Binance.
Tezos [XTZ] Price and Volume
At the time of reporting, Tezos [XTY] is changing hands at around $0.95 a pop. The coin has shown a decline of more than two percent in the last 24-hours. The total market cap of Tezos is more than $630 Million, at press time. Moreover, Tezos has shown a 24-hour trading volume of more than $6.8 Million.
What are your thoughts about the Tezos listing on Kucoin. Do let us know in the comments below!
Image Source: Twitter/Kucoin
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