KuCoin Pre-Market Update: Closure & Delivery Schedule for Plasma (XPL)
We trust you've been relishing the Pre-Market Trading experience of Plasma (XPL) on KuCoin. As we approach the conclusion of the XPL trading session, we would like to inform you about the upcoming schedule:
Important Time & Date:
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XPL Deposit is already open
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Pre-Market Closure: 13:00 on September 25, 2025 (UTC)
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Spot Trading Time: 13:00 on September 25, 2025 (UTC)
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Settlement Opens: 13:00 on September 25, 2025 (UTC)
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Settlement Closure: 17:00 on September 25, 2025 (UTC)
Failure to complete the delivery can result in the loss of collateral. All pending XPL will be canceled after that, and funds will be returned to their original source.
Important Notes for Token Delivery:
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The token delivery is automatic and will be processed through balances of participant’s KuCoin Trading Account.
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Sellers must have required XPL tokens in the KuCoin Trading Account before 17:00 UTC on September 25, 2025 for delivery.
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Once the XPL tokens are fully delivered, sellers will receive payment in the KuCoin Trading Account. Sellers who fail to complete the delivery by the time of settlement will result in the loss of collateral.
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Once a buy order is successfully filled on the Pre-Market, the trade is considered matched. Token delivery is subject to the seller’s settlement action within the permitted timeframe, and KuCoin does not guarantee immediate delivery. The timing and completion of settlement remain at the sole discretion of the seller within the allowed window.
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By participating in Pre-Market trading, the buyer acknowledges and accepts the risks associated with potential delays in delivery. KuCoin bears no responsibility or liability for any losses, including but not limited to price fluctuations, missed trading opportunities, or any financial impact arising from settlement timing or delayed token delivery.
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The system will continuously attempt to fulfill deliveries and thus the delivery time may extend. Please be patient if the delivery is not immediately processed. The delivered XPL tokens or the USDT collateral paid by the seller in default will be credited to the buyer's trading account.
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There is a 5% fee imposed on the seller's collateral if the seller fails to deliver at settlement time. The remaining 95% will be compensated to the buyer.
Token Delivery Method:
>Deposit
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Deposit XPL Tokens from external sources to ensure you have the accurate deposit address.
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Transfer the required XPL tokens to your Spot Trading account before the designated delivery time.
>Purchase from Spot Market
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If you have yet to secure the required XPL tokens, you can purchase the necessary amount in the Spot Market.
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After purchasing, transfer the XPL tokens to your Spot Trading Account and await the scheduled delivery time.
Notes:
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XPL Tokens purchased from the pre-market cannot be used for settlement.
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XPL Tokens present in any other account (e.g., Funding account) will not be considered for delivery.
If you encounter any challenges or have questions about the delivery process, please do not hesitate to reach out to our dedicated support team. You may also refer to Pre-Market User Agreement for terms of use.
Thanks for your support!
The KuCoin Team
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