Coinbase Pro set to list Kyber Network’s KNC token

Exchanges • February 20, 2020, 3:00AM EST
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Coinbase Pro, the crypto exchange’s trading platform for experienced customers, is set to list Kyber Network’s KNC token next week.

Coinbase announced today that customers would be able to begin depositing KNC on Feb. 24 and trading will begin the following day if liquidity conditions are met. Support for the token will be available in every jurisdiction that Coinbase Pro serves, except New York and the U.K.

Once a sufficient supply of KNC is established on the platform, Coinbase Pro said it will phase in trading options for USD and bitcoin (BTC). Notably, KNC is not yet available on Coinbase.com or via the exchange’s mobile apps.

KNC is an ethereum token that powers the Kyber Network, a decentralized protocol that aims to make swapping cryptocurrencies simple and efficient. The token is used for paying fees on the network. One KNC token is currently priced at around $0.55, according to CoinGecko.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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