Professional cryptocurrency exchange Wisebitcoin listed an ETF and aggregate trading pair for $KNC, the native token used on Kyber Network primarily for swapping digital assets. These were made available on May 14.
The KNC/USDT aggregate trading pair allows traders to buy and sell on multiple exchanges thanks to Wisebitcoin’s cloud integrations with over 280 other exchanges around the world. As an ETF, the exchange will also allow traders to place both long and short positions at 3:1 leverage through the KNC3L/USDT and KNC3S/USDT listings.
“Kyber Network is one of the most respected projects in the cryptocurrency space. We believe adding an ETF and aggregate trading pair for $KNC will give our user base of professional traders an added edge when engaging with this popular asset,” said Wisebitcoin Senior Advisor Shadi Abdou.
Aggregate trading and leveraged ETFs are part of Wisebitcoin’s effort to provide users with the best access to new and popular assets. The team has shared detailed explanations of both features on the official blog.
Wisebitcoin is a decentralized global exchange for professional traders with a multicultural team of over 50 specialists. It’s part of a cloud ecosystem with $6 billion in daily trading volume and over 2.3 million transactions per second on single trading pairs. The platform provides unparalleled services such as 100x leverage on contract trading, 24/7 live phone support, cloud infrastructure, affiliate programs, and deep liquidity. Other important features include a user-friendly interface, a mobile app, and an insurance fund for asset protection.
About Kyber Network
Kyber is an on-chain liquidity protocol that can be integrated into any application to enable the exchange of tokens without the need for an intermediary. The protocol is open source and governed by the KyberDAO, a decentralized community of KNC token holders who stake their tokens and collectively vote and decide on key protocol parameters.
For more information visit https://kyber.network.
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