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KuCoin Shares (KCS) Raised 9% After 2.0 Upgrade Time Announced

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KuCoin Shares (KCS), the token associated with the crypto exchange, is up more than 9% on news of the impending release of the exchange’s 2.0 upgrade.

According to the announcement, the transition to 2.0 will begin in 24h, exactly on February 18 at 3:00 AM (EST) and last approximately 14 hours.

KuCoin 2.0 brings the following upgrades to the platform:

  • Advanced API designed to offer an easy and efficient way to develop a programmatic trading strategy with Level 2 and Level 3 data.
  • Added Limit, Stop, Market, Post Only and Iceberg order types.
  • Numerous updates to the security mechanisms, including SMS authentication, a device trust system and protective walls to reinforce user information and assets.
  • A more attractive fee program with a new tiered trading fee discount program that introduces separate trading fees for takers and makers while improving liquidity and transaction efficiency.
  • Upgrades to the KuCoin Referral Program to distribute KCS after the upgrade is completed.

While KCS initially raise to over $0.42, it has since pulled back to $0.409597, giving the token a $36.6 million market cap.

KCS/USD via CoinCodex

 

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