Coinbase Pro Lists Kyber Network (KNC)

via QuoteInspector.com

Kyber Network (KNC), a decentralized exchange protocol focused on the decentralized finance (DeFi) market, was officially listed on Coinbase Pro on Monday.

KNC/USD is up around 120% in the last month (TradingView)

According to the announcement, users can now deposit KNC and trading for KNC/USD and KNC/BTC will go live at 9:00 pm (EST) if the exchange has enough liquidity by that time.

“This [listing] is important because Coinbase is one of the largest and most reputable crypto brands in the world and Kyber was the most used DeFi protocol in 2019 and a key player in the DeFi community,” the Kyber Network team said in an email to SludgeFeed. “This launch will help introduce Kyber to new audiences and experienced customers.”

Coinbase notes that KNC will be immediately available in all supported jurisdictions, with the exception of New York State and the United Kingdom. The altcoin will also likely be added to Coinbase.com in the next few weeks, based on past listings.

This is the second major announcement for Kyber Network in the past week. As we previously reported, Ethereum-based collectibles game Axie Infinity announced last week that it has teamed up with Kyber Network to host an exclusive NFT quest.

More: Kyber Network (KNC) is launching on Coinbase Pro
Recent: Axie Infinity and Kyber Network Collaborate on an Exclusive NFT Quest

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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