Today the crypto exchange KuCoin announcedthe listing of XRP. Over the next week until December 10, KuCoin users will be able to trade an asset with a reduced commission.
KuCoin wrote:
“XRP (XRP) is now on KuCoin. Special Offer: Users will enjoy 99% off the trading fees on XRP trading pairs (XRP/BTC, XRP/USDT, XRP/ETH, XRP/PAX, XRP/TUSD, XRP/USDC, XRP/KCS, and XRP/NEO) from Dec 3, 18:00 to Dec 10, 2018, 23:59 (UTC+8).”
The exchange temporarily reduced fees for these pairs by 99%. Soon after the news came, the XRP value in relation to bitcoin increased by ~ 2%. The token continues to trade at $ 0.349 at the time of publication. It is noteworthy that, despite the asset capitalization rating (XRP holds the second position since the beginning of November, ahead of ETH), KuCoin didn't include XRP in the list of quoted currencies.
The increase in trading volume, which hypothetically should provide an XRP listing, could be a catalyst for KuCoin's business expansion project. In mid-November, the exchange completed an investment round of Series A with funding of $20 million. New investments received by the platform, including from IDG Capital, Neo Global Capital and Matrix Partners, will be directed to the development of KuCoin Platform 2.0, as well as the development of the company's branch network.
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