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KuCoin has received the highest exchange rating! The full review here

The KuCoin story is a curious one. Ask around and you’ll find that for many, KuCoin just suddenly appeared. No splashy market entrance, no glitzy press campaign — it simply opened its doors to traders, and that was that. Despite not entering the market with much fanfare, KuCoin did do one thing right from the very beginning — it offered tokens and trading pairs that couldn’t be found anywhere else.

Oct 31, 2019 · 3 min read
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KuCoin has received the highest exchange rating! The full review here

As the cryptocurrency bear market appeared to wear off a few months ago, most token values were stalled in holding patterns. KuCoin’s native KCS token, however, was busy having a bull run all on its own. When analyzing the KuCoin Shares token, there’s a lot to like. Similar to other exchange tokens such as BNB, HT, and BIX, KCS is used to discount trading fees and other exchange services — but that’s not the token’s biggest draw. True to its name, KuCoin Shares are used to receive a piece of the company pie. Every day, KuCoin takes its daily trading fees, keeps half for itself, and spreads the other 50% proportionally to wallets holding KCS. The bigger your KCS holdings, the more of KuCoin’s revenue you’re entitled to receive. The draw of the exchange’s revenue-sharing model is readily apparent — as long as the exchange continues to be profitable and grow, you can expect, as a KCS holder, to share in the company’s success. To sweeten the deal, KuCoin has announced a new bonus plan on the horizon. But, in the meantime, they’ve decided to up the ante. Normally, KuCoin takes 10% of its quarterly profits and uses it to market buy KCS which it then burns from the supply. For the duration of the third fiscal quarter, however, KuCoin will additionally buy back and burn KCS — throwing extra fuel on the flame. The exchange anticipates a significant increase in the burn rate which may spur demand. The Good and the Bad KuCoin has built a well-deserved reputation as the premier exchange for altcoin hunting. In the current cryptocurrency exchange landscape, no one comes close to offering the sheer variety of lesser-known digital assets that KuCoin does. As such, the exchange fills a niche and has seemingly no close rival. One might argue that Binance shares overlap with KuCoin’s market, but in truth, the two exchanges complement rather than compete with each other directly. Despite finding success in its niche, KuCoin has decided not to rest on its laurels. Instead, the exchange is looking to decentralize itself with the launch of a blockchain and decentralized exchange in the near future. While such gestures are surely appreciated, the current centralized exchange works just fine if you know what you’re looking for. Additionally, KuCoin’s industry-leading security practices, which includes the introduction of self-custody, make using the exchange less worrisome than might otherwise be the case. Beginners may find the exchange intimidating to use as most of the features available are better suited to traders who already know the crypto trading ropes. Funding a couple of different wallets is a rather advanced notion that may not come intuitively to someone just getting into the swing of things. As cryptocurrency regulations tighten up around the world, the fact that KuCoin allows traders to jump in without going through verification protocols means they’ll likely see an influx of users in the coming months. That may have something to do with the exchange stepping up its design, support, and feature set recently, but ultimately, all of those improvements benefit what is quickly becoming one of the cryptocurrency’s pillar exchanges. Rating


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