Kucoin Shares (KCS) up 13% following KuCoin 2.0 upgrade

17 Feb, 2019 | Updated: 17 Feb, 2019
by Will Heasman
Price Action
 Kucoin Shares (KCS) up 13% following KuCoin 2.0 upgrade

The popular crypto exchange, KuCoin, have officially announced their platform 2.0 upgrade, resulting in a nice boost for the exchange’s native token, kuCoin Shares (KCS).

According to the oppress release the upgrade is scheduled for tomorrow, at 08:00 AM (UTC+8)

The system upgrade will in involve the closure of the exchange for around 14 hours.

Allaying investor fears, the statement reads:

"All funds will remain safe and unaffected throughout the entirety of the upgrade and will not be at risk at any point throughout the update. No orders will be executed during the upgrade process. All pending orders will be kept (regardless of price movements) and resume once the Platform 2.0 is online,"

the announcement details the upgrade in depth relaying that the new improved 2.0 platform will include:

-A new API designed to off an efficient way to develop “programmatic trading strategies”

-A suite of new order types including, Limit, Stop, Market, Post Only, and Iceberg.

-Improved security with the addition of SMS authentication, a devise trust system and protective walls to reinforce user information

Along with a plethora of other new implementations.

Since the news, KuCoins native currency KuCoin shares (KCS) has been bolstered by 13.7%. KCS gives users bonuses and dividends based on the performance of the exchange.

 

Read more: KuCoin delists 10 projects from Special Treatment Area; The purge continues: KuCoin to delist 8 more projects

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