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

 In Altcoins, Exchanges

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.

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:

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 belo $40. The coin is relatively low in popularity, and the general distrust of altcoins has hurt the trend.

The listing on KuCoin could help toward diversifying the trading profile of DCR. In September 2018, DCR saw around half its volumes set against Bitcoin (BTC), meaning Bitcoin speculators could put pressure on the coin. But DCR has a 40% share of pairings against the Korean Won, coming from the UpBit exchange, being one of the few assets directly supported by Korean trading.

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

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:

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.

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