KuCoin KCS/USD is one of the largest cryptocurrency exchanges that operate on a global scale and enables users the opportunity to buy, sell and trade a variety of different cryptocurrencies.
Furthermore, the platform has a reputation for offering margin, futures, and even peer-to-peer (P2P) trading.
The native cryptocurrency that provides a high level of utility within the exchange is known as KCS and was launched in 2017 as a profit-sharing token.
The EUR trading pair introduction as a catalyst for growth
On June 28, 2022, KuCoin made an official announcement on their blog that EUR trading pairs would go live.
The global cryptocurrency trading platform will offer EUR trading against BTC, ETH, and USDT as a part of its broader expansion within the European market.
These new trading pairs became available as of June 28 and aim to enable crypto users to make instant conversions between Euros and cryptocurrencies.
Through the support for these EUR FIAT trading pairs, KuCoin aims to strengthen its presence across the European market.
The goal of this is to lower barriers when it comes to buying cryptocurrencies with FIAT currencies and is a crucial step towards onboarding new traders.
This will also lead to a higher demand for the KCS cryptocurrency, which could lead to an increase in its value.
Should you buy KuCoin (KCS)?
On June 28, 2022, KuCoin (KCS) had a value of $10.6.
To get a better perspective as to what this value point represents for the overall value and future of the cryptocurrency, we will be going over its all-time high point of value and its performance throughout the previous month.
When we go over the cryptocurrency’s all-time high, KuCoin (KCS) had its ATH on December 1, 2021, when the token reached a value of $28.83.
However, when we go over its performance throughout the previous month, KuCoin (KCS) had its highest point of value on May 4 at $18.41, while its lowest value was on May 12, when it was worth $9.43.
We are seeing that the cryptocurrency decreased by $8.98 or by 49%.
KuCoin (KCS) is a solid buy at the $10.6 price point, as the cryptocurrency can reach $20 by the end of July 2022.
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from Market Analysis – Invezz