Bitcoin Suddenly Drops to $3.2 on KuCoin Exchange

An unexpected incident occurred on the KuCoin exchange when the BTC/DAI pair’s value plummeted to $3.2. However, this issue was short-lived, and Bitcoin’s price quickly rebounded to $56,893. KuCoin has yet to release an official statement regarding the incident.

KuCoin, a cryptocurrency exchange established in 2017, has solidified its position as a leading platform based on user numbers and average trading volume. Users benefit from numerous perks through the KuCoin Token.

What is KuCoin?

KuCoin is a cryptocurrency and Bitcoin exchange founded in Hong Kong, China, on September 15, 2017, by a team of Blockchain and Crypto enthusiasts. Their goal was to elevate the platform to one of the top 10 cryptocurrency exchanges globally. KuCoin offers users over 300 trading pairs with a variety of coins and tokens. Notably, KuCoin Shares (KCS), an ERC20 token, provides special advantages to investors holding KCS coins.

Features of KuCoin Exchange

• Secure Wallets: KuCoin’s cryptocurrency wallets are encrypted with multiple layers and stored offline in secure bank vaults.
• High Security: KuCoin offers robust security features, including email verification and two-factor authentication (2FA).
• Low Trading Fees: The exchange boasts highly competitive trading and withdrawal fees.
• Fast Transactions: Digital currencies are credited to accounts within 2 minutes, and withdrawals are completed within 10 minutes.
• User-Friendly Interface: The platform features a professional and intuitive interface suitable for beginners and experienced traders alike.

Types of Coins on KuCoin

KuCoin has its own native token, KuCoin Shares (KCS), which provides users with numerous benefits. The exchange also supports a wide variety of other cryptocurrencies, including Bitcoin, Ethereum, NEO, and TRX.