XDC Trading is now available on Kinesis Exchange
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Kinesis, the world’s first gold and silver-based monetary system, has listed the XDC coin on the Kinesis Exchange.
XDC will be exchangeable against eight fiat pairs, including USD, GBP and EUR, alongside Kinesis’ native gold and silver stablecoins KAU and KAG.
Earn yield by trading XDC on Kinesis Exchange
Users can instantly exchange their XDC for physical gold or silver on the exchange to start earning a return on their assets through Kinesis’ suite of yield products.
XDC will be able to be spent on the Kinesis virtual card alongside the existing pool of available cryptocurrencies. The virtual card allows users to spend with instant, real-time conversion using cryptocurrencies such as bitcoin, ether, and XDC alongside gold or silver in over 46 million of locations worldwide.
XDC will also be available to trade on Kinesis Pro – Kinesis’ professional cryptocurrency trading platform slated for release later this year.
The token listing marks the first phase of the highly anticipated partnership between the XDC Foundation and Kinesis that was formed in February 2022.
The second phase of Kinesis’ collaboration with the foundation will begin with the development of an interoperable cross-chain bridge to Kinesis’ Stellar-based blockchain, allowing assets to be transferred seamlessly between the two ecosystems.
Billy Sebell, Executive Director of the XDC Foundation, said:
“Congratulations to the Kinesis team for integrating with the XDC network. We look forward to the next phase of cross-chain interoperability with the Kinesis blockchain, which will contribute to a robust and scalable blockchain ecosystem.
This interoperability between XDC and Stellar networks will also improve Kinesis’ blockchain infrastructure. This will allow KAU and KAG to be traded more efficiently in the cryptocurrency ecosystem and expand the global availability of assets.
Thomas Coughlin, CEO of Kinesis, added:
“We are excited to offer Kinesis users the benefits of the growing XDC network and integrate their industry-leading solutions into our system. By listing XDC on our Exchange, we can expand our range of cryptocurrencies available for trading while expanding the usefulness of our native gold and silver backed tokens, KAU and KAG. The very concept of connecting two ecosystems of such robust infrastructure and shared principles of sustainability is what drives our partnership at its core.
As the partnership progresses, Kinesis will continue to leverage the XDC Network’s scalable and secure blockchain infrastructure to bring greater network expansion, asset liquidity, and interoperability to Kinesis users while enhancing emerging technologies at the forefront of operations.
Kinesis Money is a global digital asset utility platform that facilitates daily trading, management, and spending of digital assets and physical cryptocurrencies based on gold and silver.
Through its monetary system, users can earn returns on allocated physical gold and silver and spend, save, trade, and redeem their precious metals anytime on a global, low-cost basis.
The XDC Network is an enterprise-grade EVM-enabled Layer 1 network equipped with interoperable smart contracts. A highly optimized and bespoke fork of Ethereum, the XDC network achieves consensus through a delegated proof-of-stake (XDPoS) mechanism, which enables a two-second transaction time, nearly zero gas fees, and more than 2 000 transactions per second (TPS). Secure, scalable, and highly efficient, the network powers a wide range of new blockchain use cases.
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