Bitcoin.com has announced that the VERSE token, which is used within its ecosystem, will be available on the popular cryptocurrency trading platform, Kucoin. The token has gone live and is initially trading as VERSE/USDT. Bitcoin.com has reached a significant milestone with this listing, as it will increase the token’s exposure to and usability by a massive new audience.
VERSE and its relevance to Bitcoin.com’s growth
By making user acquisition and retention more fun and rewarding, VERSE helps keep the Bitcoin.com ecosystem on the growth path. One of the key reasons behind the listing is to speed the global transition to a more equitable monetary system by expanding access to cryptocurrency benefits to a wider population. VERSE is the engine behind Bitcoin.com’s Verse DEX, a permissionless exchange where users may buy and sell cryptocurrencies and earn yield through liquidity pools and Verse Farms.
Bitcoin.com’s Head of Financial Services, Corbin Fraser, says that the company is working to make VERSE a multichain token, thus expanding the token’s potential applications. The company believes that making their token widely available will help people achieve financial independence and increase their access to new opportunities. VERSE improves the Bitcoin.com ecosystem and beyond by enabling rewards and functioning as a utility token.
With the recent milestone of 40 million self-custody wallets, Bitcoin.com has gone from industry trailblazer to frontrunner in the last eight years since its launch in 2015. Bitcoin.com Wallet now supports Bitcoin, Ethereum, Polygon, Avalanche, and Bitcoin Cash, with plans to add support for additional chains in the near future. Also, the company has established itself as the premier Bitcoin site, with award-winning news coverage, round-the-clock customer service, and a wealth of educational materials.
Kucoin, is one of the leading crypto exchanges by trading volume, which makes the VERSE listing a big deal. There are already 27 million users registered on the exchange from 207 different countries and regions. Kucoin is holding a VERSE trading competition with a $40,000 prize pool to celebrate the VERSE listing.