According to the company’s official announcement, MGBX will open XPL deposits and enable spot trading, with withdrawals scheduled for September 28, highlighting Plasma’s focus on stablecoin scalability and security.
According to an official announcement, MGBX will launch Plasma (XPL) spot trading on September 25, 2025, at 21:30 SGT. Deposits for XPL will open the same day at 21:00 SGT, while withdrawals will be enabled on September 28, 2025, at 19:00 SGT. Plasma is a Layer 1 blockchain designed for stablecoins, with an emphasis on performance, scalability, and security.