Bitkub Coin debuts on exchange in stable trade
published : 21 May 2021 at 04:00
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Bitkub Coin (KUB), the native digital currency of Bitkub Chain, opened at 30 baht in its debut on the exchange yesterday afternoon, garnering a substantial trading volume of about 30 million tokens within the first four hours.
The price moved in a range of 25-35 baht during the first four hours, before settling at 25-27 baht at 5pm.
Shanya Visessiri, public relations manager of Bitkub, said the price movements have so far been stable because the company intends to extensively distribute coins to traders, sustain liquidity in the market, and allow people to buy KUB at an average price that is not too high.