Binance Coin (BNB) is now on KuCoin. Supported trading pairs include BNB/BTC and BNB/USDT. Deposits will open at 16:00 on June 19, 2019 (UTC+8), trading will start at 18:00 on June 19, 2019 (UTC+8) and withdrawal will open at 18:00 on June 21, 2019 (UTC+8).#KCS #BNB #BTC #USDT pic.twitter.com/e4NxFmTEgg
— KuCoin Updates (@KuCoinUpdates) June 19, 2019
As can be read in the tweet, first there will be the possibility to deposit the token, then the possibility to trade it against both bitcoin (BTC) and tether (USDT) and finally from tomorrow it will be possible to withdraw the tokens.
Binance CEO Changpeng Zhao appreciated the move and in a tweet, he praised the listing initiative, while KuCoin CEO Michael Gan wrote that he will support all projects created on promising blockchains such as Binance Chain.
KuCoin is always willing to support promising blockchain projects that bring values to the world. Blockchain mass adoption is the end game and we are all going after the same objective. 💪 https://t.co/pV1UA0ILin
— Michael Gan (@gan_chun) June 19, 2019
In many of the comments, users have asked Binance’s CEO if and when he will list the KuCoin (KCS) token and, to get around the answer, Zhao jokingly said that he will only do so if KCS migrates to the Binance blockchain.
This could be a significant advantage for Binance since the platform will no longer allow, from September 12th, 2019, US citizens to carry out operations, whereas on KuCoin US users will still be able to use and retrieve BNB.
A few days ago, in fact, due to regulatory issues, Binance had to close its doors to U.S. citizens, although in the meantime it announced the launch – expected within two months – of the Binance US platform, a new twin trading platform designed exclusively for the US market.