- KuCoin proclaims support for Patex, a crypto project that fosters CBDC adoption.
- PATEX tokens can now be deposited on KuCoin, with trading starting on March 12.
- Patex is an all-inclusive solution for central bank digital currency adoption in Latin America.
KuCoin, a leading centralized cryptocurrency exchange, has officially announced its support for Patex (PATEX), a swiftly growing crypto project concentrated on fostering CBDC adoption. Through an official blog post and communication via its X handle, KuCoin has disclosed its choice to add Patex’s token, PATEX, to the roster of tradable assets available on its platform.
In the notification, KuCoin expressed satisfaction with endorsing Patex’s token on its spot trading service. According to the notification, KuCoin has already commenced accepting PATEX deposits. Consequently, users can now transfer their tokens to the platform using the supported BNB Chain (BEP20).
Notably, the official commencement of PATEX trading is slated for Tuesday, March 12, at 11:00 (UTC). The designated trading pair for PATEX is the Tether USD (USDT) stablecoin. Users will be able to commence PATEX withdrawals starting the following day, Wednesday, March 13.
For those unfamiliar with it, Patex stands as an all-inclusive solution for central bank digital currency (CBDC) adoption in Latin America. Its Layer functionality facilitates the issuance and tracking of CBDCs, while C-Patex is tailored to trade these currencies directly on the platform.
What distinguishes Patex is its distinctive consensus model, which emphasizes network expansion. A significant portion of network fees is allocated to wallets that draw new users to the blockchain. This feature positions Patex as the inaugural network that distributes rewards based on effort rather than wealth.
Before Patex, KuCoin had listed the Manta Network token, a modular blockchain emphasizing zero-knowledge applications. Remarkably, Manta Network has garnered investments from leading Web3 investment funds like Binance Labs and Polychain Capital.
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 the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
 token, a crypto project that fosters CBDC adoption; trading will commence on March 12.){kind=link}