KuCoin Lists Solana-based Project Wormhole (W) on Spot Market

KuCoin, a well-known cryptocurrency trading platform, has announced the listing of the Solana-based project Wormhole (W) token on its spot market. Wormhole is a platform that enables cross-chain messaging and the movement of money across different blockchains. KuCoin made the announcement on its official website and X handle, stating that the W token is now available for trading on the platform.

The addition of Wormhole’s W token to KuCoin’s spot market has been met with enthusiasm, with the exchange praising the project as a great addition. Users can now deposit W tokens through the supported Solana network (SOL-SPL). The trading of Wormhole’s token will begin on April 3 at 12:00 PM UTC, with withdrawal services becoming available after a 24-hour period. The trading pair for the W token is USDT (Tether USD), a stablecoin.

The W token serves as the native asset for the Wormhole platform, functioning as both a Solana SPL token and an Ethereum ERC20 token. It utilizes Wormhole Native Token Transfers to facilitate seamless transfers across any Wormhole-connected network.

In a recent announcement, the Wormhole team revealed plans to distribute 617 million tokens, representing 6% of the total token supply, to previous users through an airdrop. The W token is currently trading at $1.7 on a pre-market trading platform.

Prior to listing the Wormhole token, KuCoin has supported other emerging crypto project tokens such as Partisia Blockchain’s MPC token, PATEX, Solidus Ai Tech’s AITECH, SAROS, and Manta Network’s native token.

Please note that the information provided in this article is for informational and educational purposes only and should not be considered financial advice. Readers should exercise caution and conduct their own research before making any investment decisions.