that it will be among the first exchanges to list XPL, the native token of Plasma, a layer-1 blockchain that is described as “purpose-built for stablecoin payments.”
Plasma features zero-fee USDt transfers and EVM compatibility alongside a trust-minimised bridge for Bitcoin that enables BTC to move directly into Plasma’s EVM environment without relying on centralised custodians. This unlocks new applications at the intersection of stablecoins and the world’s largest digital asset, creating opportunities for both developers and users.
XPL is the native token of the Plasma blockchain, used to pay transaction fees, reward validators, and support network participation. The token launched with an initial supply of 10 billion XPL, with allocations for public sale, ecosystem growth, team, and community initiatives as outlined in Plasma’s framework.
“Plasma’s mission to deliver practical innovations for blockchain adoption aligns with our vision of a decentralised economy, and we are pleased that Bitfinex will be among the first exchanges to list XPL,” said Anoush Bhasin, Head of Listings at Bitfinex. “This listing reflects our commitment to bringing emerging digital assets to our customers as new ecosystems develop.”
Bitfinex customers will be able to make deposits of XPL at approximately 10:00 AM UTC on 24/09/2025, subject to network conditions. Trading is planned to commence at approximately 1:00 PM UTC on 25/09/2025, contingent upon liquidity requirements being met. XPL will be tradable against US Dollars (XPL/USD) and Tether tokens (XPL/USDt).
To obtain access to XPL on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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