The cryptocurrency exchange KuCoin a popular platform for trading Bitcoin, Ethereum, Litecoin, TRON, EOS, NEO, Dash recently announced a series of service updates. Here are three of the service updates we think is most important for a typical crypto enthusiast or investor.
BCHABC and BCHSV Deposits Are Now Enabled
On the 20th of this month, KuCoin announced on its website the opening of Bitcoin ABC and Bitcoin SV deposits. This announcement followed the just concluded update of the Bitcoin ABC software which caused a fork in the network. Non-supporters of the popular update under the leadership of Australian billionaire and crypto developer Craig Wright supported Bitcoin SV.
However, in the announcement, KuCoin reveals the withdrawals of both Bitcoin cash ABC and Bitcoin Cash SV are frozen. The exchange said the withdrawals status of the two cryptos would remain that way till network stabilizes. The company pledged to continue supporting deposits of Bitcoin Cash to the new Bitcoin Cash ABC or Bitcoin Cash SV addresses. The exchange further elaborates that Bitcoin Cash deposits help on its customer wallets are automatically converted to BCHABC and BCHSV.
KuCoin Will Start the BOScoin (BOS) MainNet Token Swap
Just yester 23rd November KuCoin announced it would start the BOScoin (BOS) MainNet swap and complete the MainNet token swap automatically for BOS holders. The company, however, warns that BOS deposit and withdrawal services would are closed temporarily. The exchange revealed that the closing time will be at 09:00:00, Nov 26, 2018 (UTC+8). KuCoin urged their customers to deposit their BOS assets to the exchange before the service closure time. The exchange further stated that after the MainNet swap, the original deposit of BOS would remain unchanged.
The firm further revealed that its customers would have access to BOS/BTC and BOS/ETH trading pairs immediately after listing. The announcement pointed that users could start depositing and withdrawing BOS on KuCoin at any time after the listing.
KuCoin Delisting of Some Projects
Recently on the 22nd November 2018, KuCoin published on its website that it would delist from projects from its platform. The exchange revealed that the process is in accordance with its Special Treatment Rule. The affected projects didn’t meet the exchange’s standards beyond the Special Treatment period. The disqualified projects and their tokens removed from the exchange are; EncrypGen (DNA), Publica (PBL), Raiden Network Token (RDN), Monetha (MTH), BlockMason Credit Protocol (BCPT) and Gladius Token (GLA).
KuCoin scheduled the delisting process to run as follows. Deposits and pending orders shut off at 22:00 (UTC+8) November 22, 2018. For better management of funds, the exchange recommended that users cancel any pending orders of relative projects as soon as possible. Relative trading pairs closed at 14:00 (UTC+8) November 23, 2018. Supports on the withdrawals of relative tokens from KuCoin continue until 18:00 (UTC+8) on May 23, 2019. The exchange urged anyone currently holding relative tokens, please make your withdrawal on or before the closing date above.
Share your thoughts on the three important service updates that the trading platform Kucoin announces.