Coinbase Pro, the crypto exchange’s trading platform for experienced customers, is set to list Kyber Network’s KNC token next week.
Coinbase announced today that customers would be able to begin depositing KNC on Feb. 24 and trading will begin the following day if liquidity conditions are met. Support for the token will be available in every jurisdiction that Coinbase Pro serves, except New York and the U.K.
Once a sufficient supply of KNC is established on the platform, Coinbase Pro said it will phase in trading options for USD and bitcoin (BTC). Notably, KNC is not yet available on Coinbase.com or via the exchange’s mobile apps.
KNC is an ethereum token that powers the Kyber Network, a decentralized protocol that aims to make swapping cryptocurrencies simple and efficient. The token is used for paying fees on the network. One KNC token is currently priced at around $0.55, according to CoinGecko.