We wanted to update the community on the success of the Kinesis Exchange upgrade and several other exciting releases and developments across the Kinesis system.
The Kinesis Exchange upgrade was successfully launched over the weekend. As we implement more advanced market making strategies over the next week, from this coming Saturday 27th March, users will experience more market depth, reduced margins and an overall superior trading experience.
As part of the upgrade, scheduled enhancements to crypto withdrawals and deposits, and KYC identity verification, have now come into effect. However, in order to ensure the maximal efficiency of the process, we will continue to further enhance KYC onboarding.
CoinMarketCap and CoinGecko listing
The two industry leaders aggregate and report the recently-traded prices for hundreds of cryptocurrencies traded on hundreds of platforms around the world. These listings are a significant milestone for Kinesis, which will further build the reputation of our platform and digital assets within the global crypto community.
Tax data update
We are currently testing new CSV functionality on the Kinesis Exchange, which will enable Kinesis users to export all necessary data for upcoming tax reports. The CSV file can be simply uploaded to Koinly, as well as, the application our community requested, CoinTracking, or any other provider. Looking ahead, we are working in the background to enable API integration for more seamless tax integration.
Kinesis mobile app update
Through plugging into the new exchange sockets, a Kinesis mobile app update will deliver exchange mobile optimisation and a greatly enhanced mobile trading experience. While mobile app user interface updates will provide better, enhanced user interaction with the Kinesis mobile app. Additionally, our US-based users will be excited to hear that the US physical Kinesis Visa card will now be manageable via app.
Looking forward, the upgrade will deliver stability and scalability of the Kinesis Exchange, enabling Kinesis to introduce more pairs onto the platform and enhance integration services and API connectivity. This essential provision for both third party providers and institutions is integral to the Kinesis commercialisation process laid out for 2021.
Keep an eye on your inbox next week for a full, written quarterly update from Kinesis CEO, Thomas Coughlin, bringing the year ahead into focus.