KuCoin lists Ondo (ONDO), Bridging TradFi and DeFi Sectors

KuCoin, an established centralized cryptocurrency exchange, has officially announced its support for Ondo (ONDO), a cryptocurrency project that combines traditional and decentralized financial elements on public blockchains. Through an official blog post and a communication on its X handle, KuCoin revealed its intentions to include Ondo’s native token, ONDO, in its list of supported assets.

💥World premiere💥

📢 New listing@OndoFinance $ONDO is listed on #KuCoin!

💎Pair: ONDO/USDT
💎Depot: Now Open (Network: ERC20)
💎Trading: 12:00 January 18, 2024 (UTC)

— KuCoin (@kucoincom) January 18, 2024

In the notification, KuCoin expressed pride in supporting the ONDO token in its spot trading service. According to the announcement, the door for ONDO token deposits for the ERC20 Ethereum supported network has been opened.

Significantly, official trading for ONDO will begin on Thursday, January 18. The designated trading pair for ONDO will be the Tether USD (USDT) stablecoin. Users will have the opportunity to collect their ONDO starting the following day, Friday 19 January.

For those who don’t know, Ondo is dedicated to transforming the financial landscape by converging traditional and decentralized finance on public blockchains. The DAO aims to democratize access to institutional-grade financial products and services. This ensures their availability to people around the world, regardless of their geographic or socioeconomic background.

As a leader in the Real World Asset (RWA) industry, Ondo actively supports the tokenization of traditional financial assets through the management of protocols such as Flux Finance, improving on-chain utility for RWAs. ONDO serves as the governance token for Ondo DAO. The Ondo ecosystem includes key entities such as Ondo Finance, Ondo Foundation and Flux Finance.

Before KuCoin extended support for the ONDO token, the exchange had similarly listed MANTA, a modular blockchain focused on zero-knowledge (ZK) applications. Additionally, it listed Soul Society’s HON token, which is at the forefront of creating a Web3 Social ID.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of using any content, products or services mentioned. Readers are advised to exercise caution before taking any action regarding the company.

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