KuCoin (KCN)/ Binance’s competitor explained

Kucoin, a Hongkong based digital exchange popped up in mid-2017 that currently supports the trading of 210 digital assets. It is a token as well. The unique thing about kucoin is that the share 50% of their overall trading fee revenue with the users holding their exchange-based token. It is a fiercest competitor of binance. It is very similar to Binance.

What are KuCoin Shares (KCS)?

KuCoin Shares (KCS) are the native currency of the KuCoin exchange platform that allows holders to profit from the success of the exchange. KuCoin takes into account the amount of KCS users hold when distributing the various coins. The more KCS you hold, the more dividends you’ll receive.

Where Can You Buy KuCoin Shares?

KCS is only able to be purchased on the companies official exchange site. Registration is fairly simple, but you’ll need to deposit initial cryptocurrencies into your KuCoin exchange wallet such as BTC, ETH, NEO, and/or BCH to trade for KCS.

Editor’s final views:-

Considering the dramatic increase in cryptocurrency interest worldwide and the fact that exchanges are closing their doors to new user accounts due to a lack of scalability, it would not be unreasonable to witness the success of this exchange and its native cryptocurrency, KCS. Kucoin has welcomed new registrations by the thousands.