Kucoin Eyes $100 Million Deal for Ku.com
Insiders familiar with the matter reveal that Kucoin's move to acquire Ku.com is an effort to enhance its position in the cryptocurrency exchange sector.
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Insiders familiar with the matter reveal that Kucoin's move to acquire Ku.com is an effort to enhance its position in the cryptocurrency exchange sector.
KuCoin introduces KuCard, a Visa-powered crypto debit card, allowing users to spend cryptocurrency effortlessly at millions of locations. In its initial phase, KuCard is exclusive to European Economic Area residents, with a global rollout planned. The card streamlines cryptocurrency spending, automatically converting digital assets to local currency at the point of sale. KuCard supports USDT and EUR initially and promises to expand its cryptocurrency support in the future. Users can enjoy innovative features, including a cashback program. To mark the launch, KuCoin offers a Black Friday promotion with unlimited cashback and a $2250 bonus.
ETHW lost over 20% in the last 24 hours, trading at $9.77 at press time.
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The fund will support early-stage NFT projects that are contributing to the growth and development of the Web3 economy.