A cryptocurrency exchange is any system that operates based on trading cryptocurrencies with other assets. Like a traditional financial exchange, the cryptocurrency exchange's core operation is to allow for the buying and selling of these digital assets, as well as others. A cryptocurrency exchange is also known as a digital currency exchange. Cryptocurrencies are inherently unstable in terms of value and sourcing. Cryptocurrencies like bitcoin have been associated with major disruptive events where bitcoin value changed dramatically over a short period, or where major exchanges went under due to theft, fraud or other problems. One of the best cryptocurrency exchanges is KuCoin. It aims to always offer very low fees, both for trading and withdrawals, making it affordable to use this exchange. There is no fee to make a deposit, and the trading fees are only 0.1 percent, based on the asset that's purchased. Kucoin has levels of stability typically reserved for financing sectors. The underlying financial system’s design inspired the core exchanging system with its multi-cluster and multilayer architecture. That's why a lot of cryptocurrency projects wants to be listed on their platform. One recent listing is with Swipe, a digital application that offers a Multi-Asset Block and Swipe Oracle, which will provide real-time market data, prices, and liquidity. The company aims to bring crypto to commerce and standard banking. It intends to make paying with crypto easier by providing users with the means to use crypto from anywhere in the world.
Kucoin has differentiated itself from other major alt-coin focused exchanges and exchange tokens because 50% of total trading fees derived from trading on the exchange are distributed to the holders of Kucoin-Shares (KCS) daily. As said to this article Swipe, the use of SXP token has utility purposes inside the ecosystem and is used as a gas or for discounts on fees, obtaining higher tier debit cards, and paying for gift cards. KuCoin’s mission of spotting and nurturing innovative blockchain projects received a major boost after the crypto exchange announced the listing of Swipe. KuCoin exchange developers believe there is still a large resource of blockchain potential waiting to be tapped. And just as the name suggests the KuCoin Exchange is specifically designed to identify blockchain projects with the biggest potential and bring them to the exchange.
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