On April 15, 2020, Kucoin, an IDG-backed global crypto exchange, announced the launch of its Enterprise Currency Desk (ECD). The ECD will function as a turn-key solution for enterprise-grade adopters to easily acquire digital assets and support their respective blockchain use-cases.
DigitalBits will be one of the first blockchain protocols leveraged by Kucoin’s ECD. This is a natural choice with DigitalBits having already taken significant strides towards the development of branded cryptocurrencies and branded stablecoins. Brands and enterprises will be able to use this service to drive efficiencies as they venture into blockchain.