KuCoin Lists Plasma (XPL) for Spot Trading, Expanding Stablecoin Market Access

KuCoin has announced the listing of Plasma (XPL) on its Spot trading platform, marking a significant addition to its cryptocurrency offerings. The announcement, made here, details the schedule for deposits, trading, and withdrawals.

Deposits for Plasma (XPL) are effective immediately, with support exclusively for the Plasma Mainnet. The Call Auction is scheduled to take place from 12:00 to 13:00 UTC on September 25, 2025, followed by the commencement of trading at 13:00 UTC on the same day. Withdrawals will be available from 10:00 UTC on September 26, 2025. The trading pair available will be XPL/USDT.

KuCoin has also announced that once spot trading begins, XPL/USDT will be accessible for Trading Bots. The services offered include Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend. Users are advised to ensure deposits are made via the Plasma Mainnet, as deposits through the BSC chain are not supported.

Plasma: A High-Performance Blockchain for Stablecoins

Plasma is a high-performance Layer 1 blockchain specifically designed for stablecoins. It addresses the challenges faced by current blockchains, such as high fees and transaction failures, by offering features like zero-fee USD₮ transfers and custom gas tokens that allow fees to be paid in stablecoins. Plasma’s ultra-low-latency consensus mechanism, PlasmaBFT, enhances its performance.

Built with Ethereum Virtual Machine (EVM) compatibility via Reth, Plasma provides a scalable and censorship-resistant settlement layer focused on stablecoins. The project is backed by prominent investors, including Founders Fund, Bitfinex/Tether, DRW, Flow Traders, and Nomura, aiming to facilitate the stablecoin market’s growth and onboard the next billion users.

For more information on the Call Auction and additional details, users can visit KuCoin’s Help Center.

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