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Jul 14

Kyber exchange inflow may not affect selling pressure
14-07-20, 15:37

Binance has introduced staking for Kyber. If we see exchange inflow spikes for KNC, it isn't necessary a bad thing, creating strong sell pressure. Binance staking seems hassle free and does not lock up KNC like the KyberDAO, very convenient for users that want to be able to react to market conditions.


This in the long run though, isn't good for Kyber itself, defeating the purpose of staking.