Is Bitcoin on The Path to Becoming The World’s Reserve Currency? 1

Is Bitcoin on The Path to Becoming The World’s Reserve Currency?

Crypto Industry
Digitex Futures
• Dave Reiter
August 6, 2019

When Satoshi Nakamoto mined the Bitcoin genesis block in January 2009, nobody could have predicted that ten years later, the financial community would seriously be discussing the possibility of Bitcoin becoming the world’s reserve currency. Not even the most ardent crypto-bulls would have even imagined that BTC could one day achieve such a coveted status.
But what does it mean to become a reserve currency and what’s the likelihood that Bitcoin will actually replace the US Dollar as the world’s most important monetary unit? Let’s examine the details.
As the name implies, a reserve currency is a unit of account held in large quantities by governments, institutions and global central banks. The world’s reserve currency is the largest holding within each country’s foreign exchange reserves. It separates itself from other currencies based on the fact that it is predominately used in international transactions, international investments and all aspects of the global economy. 
Consequently, the world’s reserve currency must be incredibly stable, universally accepted and attached to a fairly stable government. 

US Dollar Becomes the World’s Reserve Currency

Contrary to popular belief, the US Dollar hasn’t been the world’s reserve currency for hundreds of years. Officially, the US Dollar became the world’s reserve currency in July 1944, during the Bretton Woods Conference. The conference was a gathering of 44 nations with the shared purpose of establishing a new global monetary system to take effect after the conclusion of the war.
The Bretton Woods Conference was a rather lengthy affair, lasting almost the entire month of July 1944. During the final few days of the conference, all participating countries signed the “Bretton Woods Agreement,” which established guidelines and parameters for promoting free trade and capital flows between countries. 
Additionally, each Bretton Woods participant signed a formal accord stating that all countries would link their respective domestic currencies to the US dollar via a fixed exchange rate mechanism. In return, the US dollar would be linked to the price of gold, so that all participating countries could redeem their dollars for gold on demand. 

As a result of this agreement, the US dollar became the de facto World Reserve Currency.       

Financial historians claim that the Bretton Woods Conference was the most successful meeting of the 20th century between multiple countries. Why? Because it created an atmosphere of free trade, transfers of investment capital between countries, economic cooperation, and a stable global currency arrangement. 
For the first time in modern history, nations had a system in place that promoted and encouraged economic prosperity for all participants. 
Unfortunately, the Bretton Woods Agreement slowly began to disintegrate in the 1960s, as the United States dramatically increased the issuance of US dollars as a means of financing the war effort in Vietnam. Furthermore, the US government implemented several domestic social programs in an attempt to stimulate the economy. 
Countries who were holding US Dollars in accordance with the Bretton Woods Agreement began to increase the conversion rate of the dollar to gold. By the early 1970s, the demand for gold had peaked to the level that President Nixon abolished the convertibility of gold for Bretton Woods participants. 
Nixon officially closed the “gold window” on 15 August 1971, essentially bringing the Bretton Woods Agreement to an end after 37 years.

The US Dollar Prevails by Default

Upon the termination of the Bretton Woods Agreement, the global currency system moved to a floating exchange rate system. This system has now been in place continuously for the past five decades. The US dollar still remains the World’s Reserve Currency. In fact, the dollar easily leads all other industrialized nations for daily currency transactions between countries. Additionally, the world’s central banks hold an inordinate value of US dollars as a percentage of their total reserves.
However, during the past few decades, a growing number of international economists, global business executives, foreign leaders, foreign politicians and professional traders within the investment community have called for a new monetary system. Prior to the unveiling of Bitcoin in 2009, the majority of experts were in favor of organizing a “Bretton Woods 2.0 Conference,” for the sole purpose of outlining a new global currency system. 
Although the conference was never held, the prevailing view was that it could establish a new World Reserve Currency, consisting of a basket of currencies from the most economically influential countries. This basket of currencies would be managed by the International Monetary Fund (IMF). The basket would be known as Special Drawing Rights (SDR). 
But, so far, this concept has never come to fruition.

Is Bitcoin Suitable for Becoming the World’s Reserve Currency?        

The introduction of Bitcoin in 2009 has sparked a renewed effort to adopt some type of updated monetary system using digital currencies. Many global economists claim that today’s fiat currency system is outmoded and incapable of meeting the needs of future generations who will continue to increase their reliance on digital currencies.
Economists who favor the use of BTC as the world’s reserve currency claim that Bitcoin must enhance its presence in three main categories in order to be viewed by the general public as a legitimate reserve currency. These categories include serving as medium of exchange, a store of value, and a unit of account. 
Let’s briefly review each category.

Medium of Exchange

In order for Bitcoin to be taken seriously as a global reserve currency, it needs to dramatically improve its functionality as a medium of exchange. In other words, BTC must provide businesses and consumers the ability to easily exchange their Bitcoins for goods and services. 
Currently, Bitcoin performs rather poorly as a medium of exchange because there’s no global payment system in place allowing for a seamless transfer of Bitcoins from consumers to merchants. At least for now, the US Dollar serves as a far superior medium of exchange because it’s linked to several different merchant payment systems. 
Of course, the most popular merchant payment systems are Visa, Mastercard, and American Express. Until BTC introduces some type of legitimate merchant payment system, it will never be regarded by the general public, or by traditional financial structures, as an acceptable medium of exchange.

Store of Value

A global reserve currency must be able to preserve its value over a long period of time and also maintain price stability. Although Bitcoin has only been in existence for ten years, it has certainly preserved its store of value. In fact, BTC has increased in value by several thousand percent since it was launched in January 2009. Therefore, Bitcoin easily passes the test as a store of value.
Unfortunately, BTC falls way short in the area of price stability. Since its inception, Bitcoin has been incredibly volatile. In fact, it’s not uncommon for BTC to fluctuate 10% to 15% in a single day. In 2014, BTC lost 62% of its value. Four years later, in 2018, Bitcoin suffered a 78% decline. These types of violent price swings will not be tolerated by the vast majority of consumers. Proponents of Bitcoin must find a way to stabilize the price if they want to promote BTC as a viable replacement for the US Dollar.

Unit of Account

The third category is more of a difficult concept to understand. The technical definition of a unit of account is “a standard numerical unit of measurement used for the purpose of recording the market value of goods and services.” 
For example, all businesses need a reliable unit of account in order to accurately determine and record the value of their assets. A unit of account is especially necessary for companies that maintain large inventories of goods and materials. Bitcoin struggles to be an adequate unit of account because of its price volatility. 
As an example, let’s assume XYZ Widgets Company uses Bitcoin as a unit of account when determining the value of its widget inventory. Due to the volatile nature of Bitcoin’s price, the company’s widget inventory would fluctuate substantially on a daily basis. Therefore, it’s easy to see why BTC wouldn’t serve as a satisfactory unit of account.

The Current Fiat-Based System Will Eventually Disappear

Could Bitcoin eventually become globally accepted as the World’s Reserve Currency? Yes, it could. 
However, until BTC and other digital currencies offer greater price stability, businesses and consumers will most likely continue to prefer using the current fiat money system with the US dollar serving as the World’s Reserve Currency. 
The cryptocurrency community has certainly made an effort to address the issue of price volatility with the introduction of stable coins such as Tether and TrueUSD. However, the stablecoin is still a relatively new concept that must be accepted by mainstream consumers.
There is no doubt that the current fiat-based global currency system will eventually be replaced. It certainly appears that digital currencies have an excellent chance of assuming the leadership role in a new global currency system. 
But it’s highly unlikely that this transition will occur anytime soon. It will take time to educate the global population about the positive aspects of digital currencies like Bitcoin. Ultimately, a new currency system will undoubtedly prevail because it’s impossible to stop the forward progress of technology.               
Full Disclosure: I own BTC on the spot market, BTC futures, and BTC exchange-traded notes.

August 6, 2019
Crypto Industry
Digitex Futures

Is Bitcoin on The Path to Becoming The World’s Reserve Currency?

Dave Reiter
Is Bitcoin on The Path to Becoming The World’s Reserve Currency? 2

When Satoshi Nakamoto mined the Bitcoin genesis block in January 2009, nobody could have predicted that ten years later, the financial community would seriously be discussing the possibility of Bitcoin becoming the world’s reserve currency. Not even the most ardent crypto-bulls would have even imagined that BTC could one day achieve such a coveted status.
But what does it mean to become a reserve currency and what’s the likelihood that Bitcoin will actually replace the US Dollar as the world’s most important monetary unit? Let’s examine the details.
As the name implies, a reserve currency is a unit of account held in large quantities by governments, institutions and global central banks. The world’s reserve currency is the largest holding within each country’s foreign exchange reserves. It separates itself from other currencies based on the fact that it is predominately used in international transactions, international investments and all aspects of the global economy. 
Consequently, the world’s reserve currency must be incredibly stable, universally accepted and attached to a fairly stable government. 

US Dollar Becomes the World’s Reserve Currency

Contrary to popular belief, the US Dollar hasn’t been the world’s reserve currency for hundreds of years. Officially, the US Dollar became the world’s reserve currency in July 1944, during the Bretton Woods Conference. The conference was a gathering of 44 nations with the shared purpose of establishing a new global monetary system to take effect after the conclusion of the war.
The Bretton Woods Conference was a rather lengthy affair, lasting almost the entire month of July 1944. During the final few days of the conference, all participating countries signed the “Bretton Woods Agreement,” which established guidelines and parameters for promoting free trade and capital flows between countries. 
Additionally, each Bretton Woods participant signed a formal accord stating that all countries would link their respective domestic currencies to the US dollar via a fixed exchange rate mechanism. In return, the US dollar would be linked to the price of gold, so that all participating countries could redeem their dollars for gold on demand. 

As a result of this agreement, the US dollar became the de facto World Reserve Currency.       

Financial historians claim that the Bretton Woods Conference was the most successful meeting of the 20th century between multiple countries. Why? Because it created an atmosphere of free trade, transfers of investment capital between countries, economic cooperation, and a stable global currency arrangement. 
For the first time in modern history, nations had a system in place that promoted and encouraged economic prosperity for all participants. 
Unfortunately, the Bretton Woods Agreement slowly began to disintegrate in the 1960s, as the United States dramatically increased the issuance of US dollars as a means of financing the war effort in Vietnam. Furthermore, the US government implemented several domestic social programs in an attempt to stimulate the economy. 
Countries who were holding US Dollars in accordance with the Bretton Woods Agreement began to increase the conversion rate of the dollar to gold. By the early 1970s, the demand for gold had peaked to the level that President Nixon abolished the convertibility of gold for Bretton Woods participants. 
Nixon officially closed the “gold window” on 15 August 1971, essentially bringing the Bretton Woods Agreement to an end after 37 years.

The US Dollar Prevails by Default

Upon the termination of the Bretton Woods Agreement, the global currency system moved to a floating exchange rate system. This system has now been in place continuously for the past five decades. The US dollar still remains the World’s Reserve Currency. In fact, the dollar easily leads all other industrialized nations for daily currency transactions between countries. Additionally, the world’s central banks hold an inordinate value of US dollars as a percentage of their total reserves.
However, during the past few decades, a growing number of international economists, global business executives, foreign leaders, foreign politicians and professional traders within the investment community have called for a new monetary system. Prior to the unveiling of Bitcoin in 2009, the majority of experts were in favor of organizing a “Bretton Woods 2.0 Conference,” for the sole purpose of outlining a new global currency system. 
Although the conference was never held, the prevailing view was that it could establish a new World Reserve Currency, consisting of a basket of currencies from the most economically influential countries. This basket of currencies would be managed by the International Monetary Fund (IMF). The basket would be known as Special Drawing Rights (SDR). 
But, so far, this concept has never come to fruition.

Is Bitcoin Suitable for Becoming the World’s Reserve Currency?        

The introduction of Bitcoin in 2009 has sparked a renewed effort to adopt some type of updated monetary system using digital currencies. Many global economists claim that today’s fiat currency system is outmoded and incapable of meeting the needs of future generations who will continue to increase their reliance on digital currencies.
Economists who favor the use of BTC as the world’s reserve currency claim that Bitcoin must enhance its presence in three main categories in order to be viewed by the general public as a legitimate reserve currency. These categories include serving as medium of exchange, a store of value, and a unit of account. 
Let’s briefly review each category.

Medium of Exchange

In order for Bitcoin to be taken seriously as a global reserve currency, it needs to dramatically improve its functionality as a medium of exchange. In other words, BTC must provide businesses and consumers the ability to easily exchange their Bitcoins for goods and services. 
Currently, Bitcoin performs rather poorly as a medium of exchange because there’s no global payment system in place allowing for a seamless transfer of Bitcoins from consumers to merchants. At least for now, the US Dollar serves as a far superior medium of exchange because it’s linked to several different merchant payment systems. 
Of course, the most popular merchant payment systems are Visa, Mastercard, and American Express. Until BTC introduces some type of legitimate merchant payment system, it will never be regarded by the general public, or by traditional financial structures, as an acceptable medium of exchange.

Store of Value

A global reserve currency must be able to preserve its value over a long period of time and also maintain price stability. Although Bitcoin has only been in existence for ten years, it has certainly preserved its store of value. In fact, BTC has increased in value by several thousand percent since it was launched in January 2009. Therefore, Bitcoin easily passes the test as a store of value.
Unfortunately, BTC falls way short in the area of price stability. Since its inception, Bitcoin has been incredibly volatile. In fact, it’s not uncommon for BTC to fluctuate 10% to 15% in a single day. In 2014, BTC lost 62% of its value. Four years later, in 2018, Bitcoin suffered a 78% decline. These types of violent price swings will not be tolerated by the vast majority of consumers. Proponents of Bitcoin must find a way to stabilize the price if they want to promote BTC as a viable replacement for the US Dollar.

Unit of Account

The third category is more of a difficult concept to understand. The technical definition of a unit of account is “a standard numerical unit of measurement used for the purpose of recording the market value of goods and services.” 
For example, all businesses need a reliable unit of account in order to accurately determine and record the value of their assets. A unit of account is especially necessary for companies that maintain large inventories of goods and materials. Bitcoin struggles to be an adequate unit of account because of its price volatility. 
As an example, let’s assume XYZ Widgets Company uses Bitcoin as a unit of account when determining the value of its widget inventory. Due to the volatile nature of Bitcoin’s price, the company’s widget inventory would fluctuate substantially on a daily basis. Therefore, it’s easy to see why BTC wouldn’t serve as a satisfactory unit of account.

The Current Fiat-Based System Will Eventually Disappear

Could Bitcoin eventually become globally accepted as the World’s Reserve Currency? Yes, it could. 
However, until BTC and other digital currencies offer greater price stability, businesses and consumers will most likely continue to prefer using the current fiat money system with the US dollar serving as the World’s Reserve Currency. 
The cryptocurrency community has certainly made an effort to address the issue of price volatility with the introduction of stable coins such as Tether and TrueUSD. However, the stablecoin is still a relatively new concept that must be accepted by mainstream consumers.
There is no doubt that the current fiat-based global currency system will eventually be replaced. It certainly appears that digital currencies have an excellent chance of assuming the leadership role in a new global currency system. 
But it’s highly unlikely that this transition will occur anytime soon. It will take time to educate the global population about the positive aspects of digital currencies like Bitcoin. Ultimately, a new currency system will undoubtedly prevail because it’s impossible to stop the forward progress of technology.               
Full Disclosure: I own BTC on the spot market, BTC futures, and BTC exchange-traded notes.

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Digitex Is Live from Paris Blockchain Week Summit 3

Digitex Is Live from Paris Blockchain Week Summit

Blockchain
Digitex Futures
• Christina Comben
April 17, 2019

Today’s post is coming at you live from Paris. Adam has been non-stop at the Paris Blockchain Week Summit. He’s had interviews with the press, been speaking about Digitex and the upcoming launch, and generally spreading the word about commission-free futures trading! Check it out.

The Paris Blockchain Week Summit

The event is taking place in one of Paris’ most fashionable buildings. As well as a large main stage, there is a separate French Tech stage for the panels, an ample speakers and media room, and plenty of exhibitors including Ledger, Capital, and Tezos. And, as you might expect from Paris, you can pick up a coffee and croissant at all points across the venue!

The striking building at Station F combines glass, steel, and concrete, with comfortable interview booths and raised work pods. It provides just the right amount of space for the large crowd of delegates, with plenty of quiet corners for one-on-one meetings.
It’s modern, yet comfortable, bright, yet far from being cold. In fact, it’s the perfect place for a blockchain conference to stimulate key conversations and discuss interesting ideas.
Adam kicked off day one with a series of interviews which you can catch very soon on video and in print. The Digitex CEO was clearly in his stride. Candid and bright-eyed, he spoke about his excitement and anticipation of finally delivering his project to the world.

One of the interviewees at EAK Digital said, “the hype over the launch is massive, right? You have 1.2 million on the waitlist,” to which Adam promptly cut in “1.4 million!” He also took the opportunity to thank all of Digitex’s loyal supporters and community members, saying:

“Thanks for all your support, thanks for sticking with us, it’s only going to get better from here.”

As well as interviews, networking, and meeting and greeting, Adam participated in a key debate over the need for traditional market makers and brokers and gave his infamous opinion on the bright future of Ethereum! He also took the stage with the charismatic Bad Crypto duo in front of an engaged audience.

AMA Panel on Exchanges and Brokers

Being on at 1 PM, some delegates were gathering to get lunch. At first, there were few people in the audience and we wondered how much interest there was in this discussion… Then the participants took the stage and the room began to fill up until there was a standing-room-only crowd.
Digitex Is Live from Paris Blockchain Week Summit 4
With representatives and founders from Huobi, Woorton, and SeedCX, the future of market makers, liquidity providers, brokers, and exchanges was discussed and debated. As an AMA panel, there were a ton of questions from the audience and the very first directed at Adam. They wanted to know how Digitex was going to become non-custodial.
He explained about the integration of Plasma protocol and how we’re working with Ethereum-approved Matter Inc. to enable a truly hybrid model where users don’t have to trust us with their funds.
All three of his panel participants represent the interests of institutional traders. So, naturally, many questions arose around when crypto will reach the pivotal number of institutional investors to become truly massive.

Adam cut in (in his typical, no-nonsense style) posing the question of why we want institutional traders anyway! They control the market, they create an unequal playing field, and they take away liquidity from the pool. At Digitex, we’re only interested in retail traders where we can really help make a difference to their lives and let them make a living with no mechanical edge against them.
He also explained how Digitex will use automated market makers to ensure liquidity but without the need for giving anyone preferential treatment, payment, or earlier access to trades. You could tell that his participants weren’t all in agreement, after all, their companies are the antithesis of what Digitex is not. However, we recognize that we need institutional funds in crypto–just not on our trading platform!

The Interview on the Main Stage with Bad Crypto

You would think that Adam would have been tired out by all that speaking and action throughout the day. But he took another interview, had a small bite to eat, and prepared himself to speak live on stage.
Adam, of course, is an absolute natural with the microphone and he quickly took control of the stage… Sharing the excitement of what’s to come with the launch of the first-ever zero-fee cryptocurrency futures exchange.

The interview was streamed on Facebook Live, so the quality was as good as we could get it. But you can also catch it again on a Bad Crypto podcast airing later this month. (Adam comes in at about 20 minutes.)
Adam spoke about the need for zero commissions, how it will help high-frequency small-time traders to make profits, without always losing out to the house. He spoke of his excitement for the launch, the development process, and of course, our plans for the future.
Among them, he mentioned commission-free spot trading, the addition of traditional futures markets, 100x leverage, and more. He even hinted at the possibility of “getting into the IEO business”… so watch this space, people, because we always love to step things up a level!
Digitex Is Live from Paris Blockchain Week Summit 5
The conference started with a bang–and we still had more interviews and networking to do on day two! Adam spread the word about Digitex to publications from around the world, from the U.S. to the Netherlands! So watch this space for all the coverage.
We’ll be leaving Paris feeling excited about the launch and ready to give all our supporters the liquid, commission-free platform they’ve been waiting for.

April 17, 2019
Blockchain
Digitex Futures

Digitex Is Live from Paris Blockchain Week Summit

Christina Comben
Digitex Is Live from Paris Blockchain Week Summit 6

Today’s post is coming at you live from Paris. Adam has been non-stop at the Paris Blockchain Week Summit. He’s had interviews with the press, been speaking about Digitex and the upcoming launch, and generally spreading the word about commission-free futures trading! Check it out.

The Paris Blockchain Week Summit

The event is taking place in one of Paris’ most fashionable buildings. As well as a large main stage, there is a separate French Tech stage for the panels, an ample speakers and media room, and plenty of exhibitors including Ledger, Capital, and Tezos. And, as you might expect from Paris, you can pick up a coffee and croissant at all points across the venue!

The striking building at Station F combines glass, steel, and concrete, with comfortable interview booths and raised work pods. It provides just the right amount of space for the large crowd of delegates, with plenty of quiet corners for one-on-one meetings.
It’s modern, yet comfortable, bright, yet far from being cold. In fact, it’s the perfect place for a blockchain conference to stimulate key conversations and discuss interesting ideas.
Adam kicked off day one with a series of interviews which you can catch very soon on video and in print. The Digitex CEO was clearly in his stride. Candid and bright-eyed, he spoke about his excitement and anticipation of finally delivering his project to the world.

One of the interviewees at EAK Digital said, “the hype over the launch is massive, right? You have 1.2 million on the waitlist,” to which Adam promptly cut in “1.4 million!” He also took the opportunity to thank all of Digitex’s loyal supporters and community members, saying:

“Thanks for all your support, thanks for sticking with us, it’s only going to get better from here.”

As well as interviews, networking, and meeting and greeting, Adam participated in a key debate over the need for traditional market makers and brokers and gave his infamous opinion on the bright future of Ethereum! He also took the stage with the charismatic Bad Crypto duo in front of an engaged audience.

AMA Panel on Exchanges and Brokers

Being on at 1 PM, some delegates were gathering to get lunch. At first, there were few people in the audience and we wondered how much interest there was in this discussion… Then the participants took the stage and the room began to fill up until there was a standing-room-only crowd.
Digitex Is Live from Paris Blockchain Week Summit 7
With representatives and founders from Huobi, Woorton, and SeedCX, the future of market makers, liquidity providers, brokers, and exchanges was discussed and debated. As an AMA panel, there were a ton of questions from the audience and the very first directed at Adam. They wanted to know how Digitex was going to become non-custodial.
He explained about the integration of Plasma protocol and how we’re working with Ethereum-approved Matter Inc. to enable a truly hybrid model where users don’t have to trust us with their funds.
All three of his panel participants represent the interests of institutional traders. So, naturally, many questions arose around when crypto will reach the pivotal number of institutional investors to become truly massive.

Adam cut in (in his typical, no-nonsense style) posing the question of why we want institutional traders anyway! They control the market, they create an unequal playing field, and they take away liquidity from the pool. At Digitex, we’re only interested in retail traders where we can really help make a difference to their lives and let them make a living with no mechanical edge against them.
He also explained how Digitex will use automated market makers to ensure liquidity but without the need for giving anyone preferential treatment, payment, or earlier access to trades. You could tell that his participants weren’t all in agreement, after all, their companies are the antithesis of what Digitex is not. However, we recognize that we need institutional funds in crypto–just not on our trading platform!

The Interview on the Main Stage with Bad Crypto

You would think that Adam would have been tired out by all that speaking and action throughout the day. But he took another interview, had a small bite to eat, and prepared himself to speak live on stage.
Adam, of course, is an absolute natural with the microphone and he quickly took control of the stage… Sharing the excitement of what’s to come with the launch of the first-ever zero-fee cryptocurrency futures exchange.

The interview was streamed on Facebook Live, so the quality was as good as we could get it. But you can also catch it again on a Bad Crypto podcast airing later this month. (Adam comes in at about 20 minutes.)
Adam spoke about the need for zero commissions, how it will help high-frequency small-time traders to make profits, without always losing out to the house. He spoke of his excitement for the launch, the development process, and of course, our plans for the future.
Among them, he mentioned commission-free spot trading, the addition of traditional futures markets, 100x leverage, and more. He even hinted at the possibility of “getting into the IEO business”… so watch this space, people, because we always love to step things up a level!
Digitex Is Live from Paris Blockchain Week Summit 8
The conference started with a bang–and we still had more interviews and networking to do on day two! Adam spread the word about Digitex to publications from around the world, from the U.S. to the Netherlands! So watch this space for all the coverage.
We’ll be leaving Paris feeling excited about the launch and ready to give all our supporters the liquid, commission-free platform they’ve been waiting for.

Latest News

DGTX vs KuCoin Shares (KCS) - An Exchange Token Comparison 9

DGTX vs KuCoin Shares (KCS) – An Exchange Token Comparison

Cryptocurrency
Digitex Futures
• Sarah Rothrie
March 12, 2019

KuCoin burst onto the scene in 2017, after four years of behind-the-scenes development. It had the goal of becoming one of the top 10 exchanges by mid-2019. While it still has some way to go, the exchange has a solid reputation, particularly among fans of its KuCoin Shares (KCS) profit sharing model. But does the KCS token stand up to DGTX? Let’s find out! Continue reading

March 12, 2019
Cryptocurrency
Digitex Futures

DGTX vs KuCoin Shares (KCS) – An Exchange Token Comparison

Sarah Rothrie
DGTX vs KuCoin Shares (KCS) - An Exchange Token Comparison 10

KuCoin burst onto the scene in 2017, after four years of behind-the-scenes development. It had the goal of becoming one of the top 10 exchanges by mid-2019. While it still has some way to go, the exchange has a solid reputation, particularly among fans of its KuCoin Shares (KCS) profit sharing model. But does the KCS token stand up to DGTX? Let’s find out! Continue reading

Latest News