Global crypto exchange KuCoin has announced the listing of Shardeum (SHM)

Global crypto exchange KuCoin has announced the listing of Shardeum (SHM) on its spot trading platform, opening access for global traders

Global cryptocurrency exchange KuCoin is expanding its offerings with the listing of Shardeum (SHM), a highly scalable Layer-1 blockchain, in its spot trading platform.

KuCoin will enable trading for the SHM/USDT pair on May 8, at 10:00 (UTC). Ahead of live trading, KuCoin will host a one-hour call auction for the pair, commencing at 9:00 AM (UTC) and concluding at 10:00 AM (UTC) on May 8.

The trading platform has also scheduled the integration of SHM support into its suite of automated trading bots. These bots include Spot Grid, Infinity Grid, DCA (Dollar Cost Averaging), Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend.

According to the press release statement by KuCoin, SHM deposits (supported via the Shardeum mainnet) are already open on its platform.

KuCoin will be enabling the SHM withdrawal feature starting at 10:00 AM (UTC) on May 9, allowing traders to manage their newly acquired assets.

To celebrate the listing, KuCoin is hosting a limited-time GemPool campaign for SHM holders. Commencing on May 8 and running until May 15, by staking SHM in the GemPool, users can unlock up to 320,000 SHM in rewards and enjoy exclusive perks.

This initiative aligns with KuCoin’s commitment to driving user-centric campaigns that enhance utility and adoption for new digital assets on the platform.

About Shardeum

Shardeum is an autoscaling Layer-1 blockchain that supports Ethereum Virtual Machine (EVM) compatibility. It utilizes dynamic state sharding technology, which helps the network scale linearly and increase throughput (TPS) as more nodes join the network. This approach keeps gas fees as low as $0.01 while maintaining high transaction throughput even during network congestion.

Unlike many traditional blockchains that require significant computing resources, Shardeum executes consensus at the transaction level. This design reduces hardware requirements for validator nodes, enabling broader participation and helping the network remain decentralized.

KuCoin Expands Listings with Scalable Layer-1 Networks

By adding Shardeum (SHM) to its platform, KuCoin continues its focus on showcasing scalable, high-impact blockchain projects to its global audience.

Recently, the exchange has also welcomed other pioneering tokens like Hyper, Domin, Zora, and Initia, showcasing its role as a launchpad for cutting-edge crypto solutions.

A 2024 Klein Labs study has highlighted KuCoin’s meticulous listing process, noting a steady 6.82% average price uptick for new tokens with minimal volatility risks.

Beyond listings, KuCoin’s proactive compliance, evident in its 2023 KYC rollout, licenses across five countries, and pursuit of a MiCAR license in Europe, positions it as a trusted gateway for over 40 million users worldwide.