Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
The SOMA token is designed as a non-cumulative, participating preferred stock for SOMA.finance, offering the potential for a dividend payout of as much as 10% of its earnings.
The Financial Stability Board and the International Monetary Fund are preparing to release a document urging worldwide cooperation on cryptocurrency policies during the upcoming G20 summit scheduled for this weekend.
KuCoin has extremely low trading fees starting at just 0.1%, and you can receive a 20% discount if you pay fees with KCS coin (Kucoin's token). This reduces the trade fee to only 0.08% per trade. If you are a large-volume trader, or you hold a large amount of KCS, you can reduce your fees even further, on a tiered structure.
In addition, if you pay with KCS, the taker charge is lowered to 0.056%. Level 12 clients (with more than 150,000 KCS or a 30-day trading volume of more than 80,000 BTC) KuCoin will charge a taker fee of 0.025%. In this situation, the maker fee would be negative, with a rate of 0.005%.
Kucoin and Binance are similar; they both have created a native token for users to hold, trade, and earn rewards. Kucoin Shares, abbreviated to KCS, costs 20% less than Bitcoin (BTC) when paying maker and taker fees, giving a robust incentive to buy it and keep it in large amounts. Their trading fees are in the table below.
Having a solid range of services and products available, KuCoin is also widely known for its competitive fee structure. As you may know, excessive cryptocurrency trading and depositing costs might reduce your earnings; however, KuCoin’s customers can be confident that their fees will remain competitive.
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