KuCoin Lists Dymension’s Token DYM, Securing Modular Blockchain Ecosystem

KuCoin, a prominent centralized cryptocurrency exchange, has formally declared its backing for Dymension (DYM), a rapidly expanding modular blockchain designed to secure and interconnect rollups.

In an official blog post and communication via its X handle, KuCoin revealed its decision to include Dymension’s token, DYM, in the list of tradable assets on its platform.

In the notification, KuCoin expressed satisfaction with endorsing Dymension’s token on its spot trading service. Per the notification, KuCoin has already opened the door for DYM deposits. As a result, users can now send their tokens to the platform through the supported mainnet network.

Significantly, the official commencement of DYM trading was scheduled for Tuesday, February 6, at 15:00 (UTC). The designated trading pair for DYM is the Tether USD (USDT) stablecoin. Users will have the opportunity to initiate DYM withdrawals starting the following day, Wednesday, February 7.

Essentially, Dymension is a layer one blockchain system engineered to safeguard and link rollups through the standardized Inter-Blockchain Communication (IBC) protocol. It standardizes rollups through IBC, similar to how the ERC standardized tokens.

Prior to Dymension, KuCoin had listed the Manta Network token, a comparable modular blockchain focused on zero-knowledge applications. Notably, Manta Network has secured investments from prominent Web3 investment funds, such as Binance Labs and Polychain Capital.