KuCoin Welcomes LayerZero, Listing ZRO Token on Spot Platform

KuCoin, a prominent global cryptocurrency exchange, has announced its support for LayerZero (ZRO), a rapidly expanding crypto project focused on addressing interoperability challenges. The declaration was made via KuCoin’s official website and social media channels, confirming that the ZRO token would be available for spot trading on the platform.

KuCoin expressed excitement about adding the ZRO token to its spot trading options, recognizing the project’s significant potential. The exchange now supports the deposit of ZRO tokens through the compatible networks of Ethereum ERC20 and Arbitrum ARB-ERC20.

Notably, trading of the ZRO token will commence at 12:00 UTC on June 20, paired with Tether USD (USDT) under the trading pair ZRO/USDT. Withdrawal services for the ZRO token will be available after a 24-hour interval, starting at 10:00 UTC on June 21.

For those unfamiliar with it, LayerZero is an interoperability protocol aimed at enabling the development of omnichain applications. With LayerZero, developers can effortlessly transmit arbitrary data, external function calls, and tokens using omnichain messaging while maintaining complete autonomy and control over their applications.

Designed to be censorship-resistant, permissionless, and immutable, LayerZero envisions a future where all blockchains are seamlessly interconnected for both developers and users. Since its launch in 2022, more than 200 protocols have deployed LayerZero contracts, resulting in the transmission of 130 million messages and $50 billion in volume across over 70 chains.

Before the listing announcement of ZRO, KuCoin had already backed several other notable projects, including the gaming project MON Protocol, BlockGames (BLOCK), MixMob (MXM), and Mavia (MAVIA).