KuCoin Lists Shardeum (SHM), an Autoscaling EVM-Compatible Layer-1 Blockchain

KuCoin will list Shardeum (SHM) for spot trading on May 8, 2025 SHM deposits are already open via the Shardeum mainnet SHM/USDT trading pair will be supported by KuCoin’s full suite of trading bots Global crypto exchange KuCoin has announced the listing of Shardeum (SHM) on its spot trading platform, opening access for global traders to this Ethereum Virtual Machine (EVM)-compatible Layer-1 blockchain. To mark the occasion, KuCoin is rolling out an exclusive GemPool campaign , offering up to 320,000 SHM in staking rewards to enhance the trading experience. According to the announcement of KuCoin , the SHM/USDT trading pair will be available starting May 8, at 10:00 UTC, with deposits already live on the Shardeum mainnet. Trading Details: Deposits Open, Call Auction Precedes Live Trading Deposits for SHM are already open on KuCoin, supported via the Shardeum mainnet. Ahead of live trading, KuCoin will hold a one-hour call auction for the SHM/USDT pair from 09:00 to 10:00 AM UTC on May 8. This auction is designed to help with price discovery before continuous trading begins. KuCoin has scheduled this feature to be enabled starting at 10:00 AM UTC on May 9, allowing traders to manage their newly acquired assets. At the time of listing, SHM will also be integrated into KuCoin’s suite of automated trading bots, including Spot Grid, Infinity Grid, DCA (Dollar Cost Averaging), Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend. Related: KuCoin’s HAEDAL Listing Brings New Liquid Staking Option to Global Traders Join the Shardeum GemPool Campaign To further celebrate Shardeum’s listing, KuCoin is launching a limited-time GemPool campaign for SHM holders. From May 8 to May 15, by staking SHM in the GemPool, users can unlock up to 320,000 SHM in rewards and enjoy exclusive perks, promoting deeper engagement with the Shardeum ecosystem. This initiative aligns with KuCoin’s commitment to driving user-centric campaigns that enhance utility and adoption for new digital assets on the platform. Understanding Shardeum’s Technology For those unaware, 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 reinforces its commitment to spotlighting scalable, high-impact blockchain projects for its global audience. The exchange has recently welcomed other pioneering tokens like Hyper, Domin, Zora, and Initia, cementing its reputation as a launchpad for cutting-edge crypto solutions. A 2024 Klein Labs study lauded KuCoin’s meticulous listing process, noting a steady 6.82% average price uptick for new tokens with minimal volatility risks. Related: KuCoin Confirms BTC, ETH, USDT Are Fully Backed in 30th PoR Report Beyond listings, KuCoin’s proactive compliance, evidenced by its 2023 KYC rollout, licenses across five countries, and pursuit of a MiCAR license in Europe, underscores its role as a trusted gateway for over 40 million users worldwide.