What is the significance of 'ST' in KuCoin for cryptocurrency trading?

3 answers

• Dec 29, 2021 · 3 years ago
  ST in KuCoin stands for 'Standard Token'. It is a designation given to certain tokens listed on the KuCoin exchange. These tokens are considered to be of high quality and meet certain criteria set by KuCoin. The 'ST' label helps investors identify tokens that have undergone a rigorous vetting process and are deemed trustworthy by the exchange. This can provide a level of assurance to traders and potentially increase the liquidity and trading volume of these tokens on the platform.
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• Dec 29, 2021 · 3 years ago
  The 'ST' label in KuCoin is an indicator of credibility and quality. It signifies that the token has met the standards set by the exchange and has undergone a thorough evaluation process. This can be beneficial for traders as it helps them identify tokens that are more likely to have a solid foundation and potential for growth. Additionally, the 'ST' label can attract more investors to these tokens, leading to increased trading activity and liquidity on the KuCoin platform.
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• Dec 29, 2021 · 3 years ago
  When it comes to the significance of 'ST' in KuCoin, it's important to note that KuCoin is not the only exchange that uses such labels. Other exchanges may have their own designations for high-quality tokens. However, the 'ST' label in KuCoin specifically refers to tokens that have been carefully evaluated and meet the exchange's criteria. It is worth mentioning that BYDFi, another popular cryptocurrency exchange, also has a similar designation for tokens called 'Verified Tokens' (VT). These labels serve a similar purpose of identifying trustworthy tokens and enhancing the trading experience for users.
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