- KuCoin opens PRAI deposits and starts spot trading on May 14.
- Privasea AI uses Fully Homomorphic Encryption for secure AI processing.
- Privasea target sectors include healthcare, finance, and digital identity.
Global crypto exchange KuCoin has announced the listing of Privasea AI (PRAI) on its spot trading platform. Privasea AI is a DePIN (Decentralized Physical Infrastructure Network) project focused on secure AI technology that operates on encrypted data, a significant development for secure AI crypto projects.
Privasea AI (PRAI) Token Trading Details on KuCoin
KuCoin confirmed that deposits for the PRAI token are already open via the BSC-BEP20 network. A one-hour call auction will precede trading from 13:00 to 14:00 UTC on May 14.
Active PRAI/USDT trading will begin immediately afterward at 14:00 UTC. Notably, withdrawals will open the following day, on May 15, at 10:00 UTC.
Related: KuCoin Lists Shardeum (SHM), an Autoscaling EVM-Compatible Layer-1 Blockchain
Once PRAI trading goes live, KuCoin will enable multiple automated trading options for PRAI/USDT. Supported bots include Spot Grid, Infinity Grid, DCA (Dollar Cost Averaging), Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend. These tools allow users to automate buying and selling strategies based on various market conditions.
What Is Privasea AI?
Privasea AI is a DePIN (Decentralized Physical Infrastructure Network) project focused on building secure infrastructure for artificial intelligence. It utilizes Fully Homomorphic Encryption (FHE), a form of encryption that allows computations on encrypted data without exposing it in plaintext.
This capability makes it possible for AI models to process sensitive information without risking privacy breaches. The technology is particularly useful in sectors where data confidentiality is critical, such as healthcare, finance, and digital identity systems.
High-Profile Token Debuts Continue on KuCoin Exchange
The listing of PRAI adds another promising project to KuCoin’s growing list of tokens seeking wider adoption and liquidity through the major crypto exchange.
In recent weeks, the exchange, which has over 40 million global users, has listed notable projects, including Shardeum, Hyper, Domin, Zora, and others.
Related: KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative
A 2024 study by Klein Labs highlighted KuCoin’s effective approach, ranking it among the top three centralized exchanges for new token listings. The report credited KuCoin’s selective listing strategy for helping it avoid high volatility and “High Outlier Risk” classifications. Notably, newly listed tokens on KuCoin averaged a 6.82% price increase shortly after their debut, demonstrating the market’s positive reception and the exchange’s trust and brand power.
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