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- KuCoin publicizes the launch of Chainflip on their Spot buying and selling platform.
- Customers might begin depositing FLIP on KuCoin instantly after the launch.
- The buying and selling started on November 23 at 12:00 (UTC), and withdrawals are slated to start on November 24 at 10:00 (UTC).
Crypto buying and selling agency KuCoin introduced the launch of a brand new venture by itemizing Chainflip (FLIP) on its Spot buying and selling platform. KuCoin shared an official message on X (previously Twitter), declaring the launch of FLIP with the platform supporting the token actions, together with deposits and withdrawals by way of the ERC-20 community.
In keeping with the notification, traders can begin depositing their FLIP tokens on the KuCoin buying and selling platform from the announcement date. In the meantime, FLIP buying and selling started at 12:00 on November 23, 2023 (UTC), and withdrawals are slated to start on November 24, 2023, at 10:00 (UTC).
Chainflip is a cross-chain decentralized alternate (DEX) that facilitates direct swaps of native property with out wrapped tokens or specialised wallets. The ecosystem is supplied with a “custom-built” Automated Market Maker (AMM) that makes use of Simply In Time liquidity, enabling entry to property together with Ether, Polkadot, and Bitcoin, the cryptocurrencies which are historically remoted from the decentralized finance (DeFi) house. The first utility token of Chainflip is the ERC-20 token, FLIP.
KuCoin’s enthusiasm for increasing its asset listing is demonstrated by the collection of latest listings that the platform has exhibited. Most just lately, on November 20, KuCoin included the hybrid decentralized alternate (DEX), Vertex, on their Spot buying and selling platform.
In associated information, Kucoin additionally launched KuCard, the cryptocurrency debit card, which permits crypto merchants to make use of their crypto holdings extra simply. As per the official announcement, “The launch of KuCard represents a big milestone for each KuCoin and the cryptocurrency business as a complete, because the every day fee technique, the crypto debit card performs an important function in accelerating the crypto mass adoption.”
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