KuCoin Lists Fuel Network (FUEL) for Spot Trading

KuCoin has announced the addition of Fuel Network (FUEL) to its Spot trading platform. The listing includes the FUEL/USDT trading pair, with deposits already open via the ETH-ERC20 network.

Trading for FUEL is set to commence at 10:00 UTC on December 19, 2024. Withdrawals will be available starting at 10:00 UTC on December 20, 2024. This new listing will also support various trading bots, including Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend.

Fuel Network’s Innovative Features

Fuel Network aims to enhance the Ethereum ecosystem by introducing several innovative features. These include parallelized transaction execution, native account abstraction, and support for wallets across all networks. Fuel Ignition, a component of the network, offers high throughput of over 600 transactions per second (TPS) and cost efficiency, with transaction costs as low as $0.0002.

Since its launch, Fuel Ignition has achieved a total value locked (TVL) exceeding $400 million, positioning it as a leading Optimistic rollup on Ethereum.

For more information about Fuel Network, visit their official website.

Risk Considerations

KuCoin advises users to conduct their own risk assessments before investing in cryptocurrencies. The platform emphasizes that while it attempts to screen all tokens before listing, investing in cryptocurrency involves inherent risks. KuCoin is not liable for any investment gains or losses.

For further details on the listing, refer to the official announcement here.

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