KuCoin Exchange Suspends Deposit And Withdrawal Of NANO Tokens
KuCoin, a crypto trading platform, has temporarily closed the deposit and withdrawal options for the NANO tokens, according to the company’s press release.
This step was prompted by the update of the NANO wallet system. The exchange apologizes to customers and claims that it will be possible to deposit and withdraw funds in NANO right after the crypto wallets update. Users are advised to follow the platform’s announcements.
According to the CoinMarketCap as of 14:45 (UTC), October 10, the NANO cryptocurrency is ranked 35th with a market capitalization of $288 million and a price of $2.16. The trading volume amounted to $2.19 million over the past 24 hours.
During the last week, the cost of the NANO cryptocurrency was very volatile. The price reached its maximum indicator of $2.24 on October 9, and the minimum value of $2.1 was recorded on October 3.
The Nano project was previously called RaiBlocks. It is a decentralized platform that performs solely monetary transactions. Its main advantages are fast operations without any fees and network scaling.
According to CoinMarketCap, the KuCoin crypto exchange is ranked 53rd regarding daily trading volume, the amount of which is $16.9 million.
As previously reported, KuCoin invested $3 million in the development of the Bitcoin Australia trading platform to enter international markets.