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

KuCoin, one of the most prominent crypto trading platforms globally, has endorsed the Solana-based project Wormhole (W) token. Wormhole is a cross-chain messaging platform that allows money to move across blockchains. KuCoin disclosed its intent to welcome Wormhole’s W token via its official website and X handle. Per the notification, KuCoin has added W to its list of tradable crypto assets.

Furthermore, in the report, KuCoin expressed delight in listing Wormhole token on its spot trading platform and acknowledged it as a great project. Consequently, KuCoin has opened the door for depositing Wormhole’s W tokens via the supported Solana network (SOL-SPL).

Notably, trading of Wormhole’s token will commence on Wednesday, April 3, at 12:00 PM UTC. After a 24-hour period, the exchange will enable withdrawal services for Wormhole’s token. The available trading pair for Wormhole’s token is the Tether USD (USDT) stablecoin.

For the uninitiated, the W token serves as the native asset driving the Wormhole platform, functioning as a native Solana SPL token as well as an Ethereum ERC20 token. It harnesses Wormhole Native Token Transfers that facilitate smooth transfers across any Wormhole-connected network.

Last month, the Wormhole team announced plans to distribute 617 million tokens, constituting 6% of the total token supply, to previous users through an airdrop. The W token reportedly trades at $1.7 on a pre-market trading platform.

Prior to KuCoin’s list of the Wormhole team, the exchange 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.