What is the role of KuCoin Shares in the trading ecosystem of digital currencies?
Andrea GiovinoDec 25, 2021 · 3 years ago1 answers
Can you explain the significance of KuCoin Shares (KCS) in the digital currency trading ecosystem? How does KCS contribute to the overall functionality and benefits of the KuCoin exchange platform?
1 answers
- Dec 25, 2021 · 3 years agoKuCoin Shares (KCS) are an integral part of the trading ecosystem on the KuCoin exchange. KCS holders benefit from a share of the trading fees generated on the platform, which provides them with a passive income stream. Additionally, KCS holders enjoy reduced trading fees, making it more cost-effective for them to trade digital currencies. The presence of KCS also contributes to the overall liquidity of the exchange, as it incentivizes users to hold and trade the token. This increased liquidity benefits all traders on the platform, as it improves the efficiency of the market. Overall, KCS plays a crucial role in creating a vibrant and thriving trading ecosystem on KuCoin.
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