KuCoin Lists Skate (SKATE)

Tech

KuCoin Lists Skate (SKATE)

• SKATE/USDT trading launches on June 9 at 10:00 UTC on KuCoin.
• Ethereum (ERC20) deposits for the token are live now; other networks are not supported.
• Skate supports decentralized applications across multiple blockchain networks

Global crypto exchange KuCoin has announced the listing of Skate (SKATE), a blockchain infrastructure project, on its spot trading platform. The listing will allow traders access to the native token of a platform designed to support decentralized applications (dApps) that operate across multiple virtual machines (VMs).

Trading and Withdrawal Schedule

According to the announcement, the listing of the SKATE/USDT trading pair will start with a call auction scheduled from 09:00 to 10:00 UTC on June 9, followed by a full trading launch. However, withdrawals will be available the following day, starting at 10:00 on June 10.

Meanwhile, KuCoin users can now deposit SKATE tokens using only the ETH-ERC20 network. The exchange has warned that deposits made through Solana (SPL) or Binance Smart Chain (BEP20) are not supported and may result in a permanent loss of funds.

To make trading easier for KuCoin users, the listing will integrate with KuCoins suite of trading bots. These include Spot Grid, Infinity Grid, DCA (Dollar Cost Averaging), Smart Rebalance, Spot Martingale, and AI-enhanced tools like Spot Grid AI Plus and AI Spot Trend.

These options allow for automated trading based on price patterns and portfolio rebalancing.

About Skate

Skate supports dApps that operate across multiple virtual machines. The platform enables seamless interoperability between Ethereum Virtual Machine (EVM), Solana Virtual Machine (SVM), and Move-based environments. Developers can use Skate to launch apps that interact natively with services on other chains, reducing fragmentation and simplifying deployment.

A major feature of the platform is the Skate Automated Market Maker (AMM), which enables a single liquidity curve shared across multiple chains. This structure is intended to improve trading efficiency and reduce slippage by unifying liquidity across decentralized ecosystems.

The listing of SKATE aligns with KuCoins focus on providing trading access to innovative projects in the crypto industry. Among the recent listing on the exchange are PRO, Edgen, DEFAI, and Shardeum.