Marco Verch / Flickr
Binance

KuCoin, a Singapore-based crypto exchange, announced this week that it has added several trading pairs for newly launched privacy coin Grin (GRIN).


According to the announcement, Grin trading is now live on KuCoin with Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) trading pairs, and withdrawals will open on January 26 at 18:00 (UTC+8).

Grin is the second Mimblewimble privacy coin to launch in recent weeks after Beam (BEAM) launched its mainnet in early January. This technology ultimately allows for truly private transactions and a scalable blockchain that is smaller than other blockchain implementations.

The new privacy coin has faced early scrutiny after its price experienced major fluctuations after launching, dropping from a high of $261.65 to $4.51, where it is now trading — giving Grin a $3.9 million market cap, according to CoinGecko.

CoinCodex

The price drop is partially a function of Grin’s design, which currently includes an infinite supply of coins with a linear supply schedule. This means that the early days of heavy mining activity will continuously increase the circulating supply by a notable percentage. Therefore, once the inflation ratio levels off, the price should become more stable.

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Grin is now listed on both Hotbit and KuCoin, and U.S. investors interested in trading Grin can register on KuCoin.

More: Grin (GRIN) Gets Listed on KuCoin
Referenced: The First Mimblewimble Privacy Coin Launches Its Mainnet
Photo: Marco Verch / Flickr

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.

Voyager

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