KuCoin Exchange announced on Thursday that Cashbet Coin could now be traded on its platform. The exchange in its announcement stated that trading pairs for Cashbet Coin CBC with both bitcoin (CBC/BTC) and Ethereum (CBC/ETH) was now available. CBC holders can now deposit their coins on KuCoin, while KuCoin users can now purchase CBC.
CashBet Coin (CBC) is now on KuCoin, you can deposit now. Trading pairs include CBC/BTC and CBC/ETH. Buying starts June 20, 2018 at 21:30 (UTC+8), selling starts June 20, 2018 at 22:00 (UTC+8), and withdrawal opens June 20, 2018 at 20:00 (UTC+8) @CashBetCoin #KCS #CBC #BTC #ETH pic.twitter.com/94l0jniXc7
— KUCOIN (@kucoincom) June 20, 2018
The announcement comes after some impressive feats for the CashBet Coin team which included a sponsorship with Arsenal Football Club, the first for any sports club.
CashBet is a mobile platform that sells software to help gaming companies to accept bets in cryptocurrencies. The company was founded in 2012 and has its headquarters in California. Its mission is to use “extensive gaming software experience to build a next-generation mobile-first monetization platform for social and mobile gaming.”
Currently, Cashbet supports over 450 mobile games
On Tuesday, Cashbet announced that it raised $38 million through its just-concluded Initial Coin Offering for its native token Cashbet Coin. This goes down as the biggest iGaming ICO. The token is used on its different operator sites. To encourage the use of the tokens for B2C and B2B gaming offerings, CashBet offers incentives to CashBet Coin players, partners, and owners. One of this is paying VIP holders a portion of losses.
CashbetCoin is already listed on some major exchanges including Bittrex Exchange and now KuCoin.
The schedule for the listing was given as follows:
CashBet Coin (CBC) Deposits Effective Immediately
CashBet Coin (CBC) Withdrawal: 20:00 June 20, 2018 (UTC+8)
CashBet Coin (CBC) Buying order: 21:30 June 20, 2018 (UTC+8)
CashBet Coin (CBC) Selling order: 22:00 June 20, 2018 (UTC+8)
CashBet Coin (CBC) Official Website: https://coin.cashbet.com/ and CashBet Coin (CBC) Whitepaper: here
Solomon Sunny is the market reporter for Smartereum, one of the global leaders in Ethereum, blockchain and currency news. He produces technical price updates on digital currencies and writes recent developments about blockchain.