On 7th May, KuCoin officially announced on Twitter about the release of “TEL/USDT” trading pair. According to the announcement, the pair will be available on the KuCoin platform as well as in the SC market. The announcement was well received from the audience, and the 53 re-tweets and the 146 likes along with several ongoing comments show the excitement among the crypto community.
At the press time, Telcoin (TEL) is currently trading at the rate of $0.000604 USD with the growth rate of minus 2.32 percent. Whereas, Tether (USDT), at the press time had the market price of $0.995263 USD with the growth rate of minus 0.58 percent.
TEL/USDT Trading Pair is Available on KuCoin
— KuCoin Updates (@KuCoinUpdates) May 7, 2019
On the other hand, after the initiation from crypto exchange giant- Binance in the IEO (Initial Exchange Offerings); KuCoin and OKEx also joined the trail. Their formats are of course different from one another. There are speculations that the comparable Spotlight division from KuCoin is expected to be released on 28th May this year. This launch will feature the CHROMA token. CHROMA token is supported by ChromaWay, This token sale will not be the first one by ChromaWay, as last year the company rose 11 million U.S Dollars.
This will be the company’s third IEO overall. The first one was in April that managed to garner cryptos that are worth of 4.2 million U.S. Dollars. On this, the COO of ChromaWay, Perelman shared-
“Most of the top exchanges are basically looking at their personal IEO projects.”
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Moreover, last year, relatively newcomer in the crypto exchange category in the crypto market- KuCoin was making rounds of news due to its decision of delisting several crypto coins pairs from its platform. These crypto pairs included NEO, USDT, KCS and BCH pairs. Overall there were 22 pairs of currencies that were rooted off due to this decision. On their official website, the crypto exchange said,
Dear KuCoin Users,
We are excited to announce our new streamlined exchange. With our rapid growth in the first quarter, we added in many new markets to provide a diverse platform for users to trade on. During the 2nd quarter, we will be making many changes to the platform based on our user feedback. Several of the markets will be streamlined. KCS, USDT, and NEO will eliminate multiple pairs each, and BCH pairs will be removed.
The support was pulled back from the cryptos on 26th March 2018.