That appears to be starting to change as Singapore-based crypto exchange KuCoin announced the listing of Tezos on Friday.
Tezos (XTZ) is now available on KuCoin, you can deposit now. Supported trading pairs include XTZ/BTC and XTZ/USDT. Trading will start at 18:00 on June 28, 2019 (UTC+8) and withdrawal will open at 18:00 on July 1, 2019 (UTC+8).@tezos #KCS #XTZ #BTC #USDT pic.twitter.com/8sCxdYS8io
— KuCoin Updates (@KuCoinUpdates) June 28, 2019
According to the announcement, KuCoin users can begin trading Tezos today, with XTZ/BTC and XTZ/USDT pairs.
This is a notable step in the right direction for the project, as XTZ only sees around $7-10 million in daily trading volume, a low value when you consider the project’s market cap that is currently around $700 million.
This move comes as KuCoin continues to battle for US market share in the wake of the news that Binance will be removing users from the United States and launching a dedicated exchange with limited listings to become fully compliant with US regulators. In addition to a bevy of new listings like Tezos and NEM (XEM), Kucoin also recently released a revamped Kucoin Shares Ecosystem page.
XTZ is currently up 4.2% on the day to $1.02, giving the altcoin a $669 million market cap.
Image: 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.