Cobit Ends NU Trading and Announces T Support

IconCryptoNewsTerminal Staff03 Jul, 2024

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Cobit Ends NU Trading and Announces T Support

Cobit recently announced that it will end support for NuCypher (NU) and Keep (KEEP) deposits, withdrawals, and trading on July 11 at 12:00 PM. This decision was made as part of the merger between NU and KEEP to form Threshold (T). In addition, Cobit will start supporting T withdrawals and trading on July 12 at 03:00 PM. The swap ratio is NU : T = 1 : 3.2592424931. This move by Cobit is in line with the industry-wide trend of consolidation in the cryptocurrency space. As the market matures, we can expect to see more mergers and acquisitions as companies seek to gain scale and efficiency.

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