Binance has opened KGST deposits after completing the stablecoin’s integration on the TRON TRC20 network. The update gives users a new supported route for moving the Kyrgyz Som Stablecoin on Binance. Withdrawals are not yet live, as the exchange said they will open after enough liquidity is available.
Binance Adds KGST Support on TRON
Binance announced that KGST deposits are now available through the TRC20 network. Users can send the stablecoin to Binance by choosing the supported network on the deposit page.
The exchange asked users to check all transfer details before sending funds. It also advised users to avoid using unsupported networks for KGST transfers.
KGST is a stablecoin linked to the Kyrgyz som, the national currency of Kyrgyzstan. Its support on TRON may help users move the token with lower fees.
Meanwhile, the listing adds another fiat-linked asset to Binance’s supported crypto options. It also gives KGST access to a wider trading and transfer base.
Withdrawals Will Open After Liquidity Is Ready
Binance said KGST withdrawals are not yet available. However, the exchange plans to open withdrawals after enough liquidity is in place.
This process is common when exchanges add support for new tokens. Deposits often open first so liquidity can build before withdrawals begin.
Users can deposit KGST now, but they must wait for a later notice about withdrawals. Binance has not shared a fixed date for that step.
Therefore, users are expected to follow official Binance updates. They should also check the withdrawal page before planning any KGST transfer.
Wider Crypto Market Records More Activity
The KGST update came as several exchanges reported fresh market activity. OKX is also set to add MEGA, linked to MegaETH, for spot trading.
The listing is expected to begin today, according to the market update. It adds another token to OKX’s spot market during active trading hours.
At the same time, CoinW shared data on a large trader shorting altcoins and meme tokens. The trader reportedly gained more than $10 million in 90 days.
CoinW said the strategy is now available through copy trading. The platform also stated that the model has no profit share.
In another market move, a whale returned 220 BTC to Binance after about three years. Reports estimated the trader’s profit at around $28 million.
The transfer drew attention because the coins had stayed inactive for a long period. Together, these updates show continued activity across exchanges, traders, and large holders.
