Decred (DCR) Gets Listed on KuCoin as Asset Nears 4-Month Lows

Published on 13 September 2018 by Cryptovest Staff

Decred (DCR) will trade against Bitcoin (BTC) and Ethereum (ETH) on one of the most active Asian exchanges.

KuCoin, one of the most active crypto-only exchanges targeted at both the Asian and the international market, announced on Wednesday it is listing Decred (DCR), a multi-platform digital currency with support for Windows, macOS, and Linux. This expands the presence of Decred on Asian exchanges, in addition to Huobi and Upbit. DCR is also actively traded on Bittrex, but a Binance listing is not in the works at least for now.

https://twitter.com/decredproject/status/1040172455216594944

The full effect of the KuCoin listing would be felt on Thursday night, when trading takes off, according to the schedule. DCR will trade in DCR/BTC and DCR/ETH pairs:

https://twitter.com/kucoincom/status/1039791422801494016

After the news, the price of DCR remained relatively unchanged, pressured by the general trend of the bear market. DCR teraded around $35.75 as of 12:30 UTC on Thursday, gaining around 3.5% on a daily basis.

In the past quarter, DCR slid significantly from a recent peak above $95 to lows below $40. The coin is relatively low in popularity, and the general distrust of altcoins has hurt the trend.

Recently, the Exodus wallet reminded that Decred was one of the projects supported within its portfolio:

https://twitter.com/exodus_io/status/1039831059347775490

The Decred project also sees its team continue to expand the ecosystem. It is set to announce the completion of the Politeia governance system, as outlined in a tweet from September 5:

https://twitter.com/marco_peereboom/status/1037454983619338241

In the future, the Decred project will use the Politeia system for various votes, including grants from the Decred treasury.

The DCR digital asset is a two-tier coin, using both mining through GPUs and ASICs, and a second-tier system of nodes to verify the ledger of transactions.

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.