Bitcoin News Today: KuCoin Lists SatLayer (SLAY) as Bitcoin L2 Gains Momentum

Generated by AI AgentCoin World
Monday, Aug 11, 2025 4:50 am ET1min read
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Aime RobotAime Summary

- KuCoin listed SatLayer (SLAY), a Bitcoin Layer 2 project, on its platform, marking SLAY's first major exchange listing.

- SLAY/USDT trading began August 11, 2025, after a one-hour auction to establish initial pricing and liquidity.

- The platform emphasized security by restricting deposits to Ethereum ERC-20 and enabling withdrawals on August 12.

- KuCoin integrated advanced trading bots for SLAY/USDT, including AI-driven tools to optimize strategies across market conditions.

- SatLayer aims to transform Bitcoin into programmable collateral for DeFi, AI, and traditional finance, aligning with growing infrastructure innovation.

KuCoin has added SatLayer (SLAY), a

Bitcoin
Layer 2 (L2) project, to its spot trading platform, marking the token’s first major exchange listing [1]. Trading for the SLAY/USDT pair commenced on August 11, 2025, following a one-hour call auction designed to allow early price discovery among traders [1]. The event is seen as a significant milestone for SatLayer, which aims to transform Bitcoin from a passive store of value into programmable collateral usable across multiple financial ecosystems.

SLAY deposits are currently available via the

Ethereum
ERC-20 network, with withdrawals scheduled to open at 10:00 UTC on August 12, 2025 [1]. KuCoin has advised users to ensure they use the correct Ethereum-based deposit address, cautioning against transfers via unsupported chains such as BSC [1]. This step reflects the platform’s emphasis on security and proper protocol adherence.

To enhance trading capabilities, KuCoin has integrated a full suite of automated trading bots for the SLAY/USDT pair [1]. These include tools like Spot Grid, Infinity Grid, DCA, Smart Rebalance, and AI-driven options such as Spot Grid AI Plus and AI Spot Trend [1]. The deployment of these bots allows traders to leverage sophisticated strategies across varying market conditions.

SatLayer describes itself as the “economic layer for Bitcoin,” seeking to unlock BTC’s potential beyond traditional use cases by making it programmable [1]. The platform’s vision includes enabling Bitcoin’s integration into AI, DeFi, Real-World Assets (RWA), stablecoins, and traditional finance [1]. This aligns with a broader industry trend toward redefining Bitcoin’s role within the modern financial stack.

The listing on KuCoin expands SLAY’s reach to a global audience of traders while signaling growing market interest in Bitcoin infrastructure projects [1]. As tokenization and decentralized finance continue to develop, platforms like SatLayer are positioned to play a critical role in bridging Bitcoin’s existing utility with future financial innovations [1].

Source: [1] KuCoin Lists Bitcoin L2 Platform SatLayer (SLAY) for Trading (https://coinedition.com/kucoin-lists-satlayer-slay-world-premiere/)