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Kaspa (KAS) Expands Reach with New Exchange Listing
Kaspa (KAS) has made significant strides in its market expansion by securing a new listing on the Singapore-based AscendEX cryptocurrency exchange. Trading for the KAS/USDT pair began at 10:00 AM UTC on April 10, with withdrawal services scheduled to commence on April 11, also at 10:00 AM UTC. This development opens up new avenues for investors and traders looking to engage with Kaspa’s promising blockchain technology.
Overview of AscendEX
Founded in 2018 under the name BitMax, AscendEX has grown to become one of the prominent crypto exchanges, serving clients across more than 200 regions globally. It rebranded to AscendEX in 2021 with an aim to bridge traditional finance with decentralized finance (DeFi). With daily trading volumes often reaching around $1 billion, AscendEX provides a platform for over 200 trading pairs and offers a range of services from cash and margin to futures trading.
Anticipation Builds Around the Crescendo Hard Fork
Kaspa’s integration into AscendEX couldn’t have come at a better time with the blockchain’s major upgrade, the Crescendo hard fork set for May 2025. This update aims to drastically enhance the network’s transaction capacity by increasing the block production rate from 1 block per second to 10 blocks per second, promising faster transaction confirmations and scalability.
“This upgrade means faster confirmations and prepares the network for future demand,” Derek Marshall, an industry expert, commented on the anticipated upgrade.
Unique Technology Behind Kaspa
Kaspa’s blockchain operates on a unique consensus mechanism known as GHOSTDAG, allowing for the coexistence of parallel blocks in the blockchain, a feature not commonly found in traditional blockchain designs. This architecture provides Kaspa with advantages in terms of speed and efficiency.
Expanding Exchange Presence
Beyond AscendEX, Kaspa has been listed on several other notable exchanges including Uphold, BTSE, Bitget, Bitmart, Gate.io, and LBank. Speculation is rife about a potential future listing on Binance, although no official confirmation has been made.
With the Crescendo fork, Kaspa is not only boosting its throughput but also enhancing its security and overall system efficiency. For miners and long-term investors, these enhancements signal strong growth potential for Kaspa as it positions itself as a frontrunner in the proof-of-work (PoW) cryptocurrency space.
Market Implications of New Listing and Upcoming Upgrade
The addition to AscendEX’s trading platform alongside the Crescendo upgrade is expected to catalyze a surge in Kaspa’s price and market interest. The increased accessibility for traders all over the world could lead to heightened liquidity and adoption.
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Source: captainaltcoin.com