Coinbase Pro, Coinbase's crypto trading platform for institutional investors, has just announced it is listing the KNC token.
According to the announcement shared by the exchange yesterday, from February 24, users can deposit funds in KNC tokens. However, trading will not be available until the next day, and always provided the necessary liquidity is reached.
The token will be available in all jurisdictions where Coinbase Pro offers its services with the only exceptions of New York and the UK.
Once sufficient liquidity has been reached, the platform will allow its users to trade the token in pairs with the USD and Bitcoin. KNC is not yet available on Coinbase.com or through the exchange's mobile apps.
KNC is the Ethereum-based token of Kyber Network, a decentralized protocol that aims to simplify crypto swapping. The token, whose current value is around $0.55, is used to pay fees on the network.
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