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CoinEx has officially announced the listing of Switchboard Protocol (SWTCH), adding another promising decentralized project to its growing roster of digital assets. The listing went live on October 28, 2025, introducing the SWTCH/USDT trading pair. The move comes after a thorough review process and reflects CoinEx’s ongoing commitment to supporting high-quality blockchain projects.
Here’s the thing—SWTCH isn’t just another token launch. It represents a meaningful step toward more transparent and efficient data exchange across blockchains. That’s because Switchboard isn’t a typical crypto project. It’s a decentralized, permissionless oracle network designed to deliver fast and customizable data feeds across different blockchain ecosystems.
In other words, SWTCH makes it easier for smart contracts and decentralized applications (dApps) to access real-world data without relying on centralized intermediaries. For anyone following blockchain innovation, this is a big deal.
The SWTCH token operates on the Solana blockchain, with its official asset address listed as SW1TCHLmRGTfW5xZknqQdpdarB8PD95sJYWpNp9TbFx.
Trading for SWTCH follows the Call Auction method, a process that helps ensure a fair and transparent price discovery at launch. According to the official schedule, deposits and withdrawals opened at 10:30 UTC, followed by two call auction phases. During the first phase, users could place and cancel orders between 10:30 and 10:50 UTC, while the second phase locked in orders from 10:50 to 11:00 UTC. Regular trading began at 11:00 UTC, marking the official start of the SWTCH/USDT market.
What really makes this listing interesting is how CoinEx has structured trading opportunities around it. The exchange supports three major trading strategies for SWTCH/USDT:
First, Automated Market Making (AMM). This system allows users to become liquidity providers by adding funds to the market pool. In return, participants receive 50% of the trading fees generated in that market. Rewards are calculated daily, making AMM a straightforward way for active users to earn passive income.
Second, there’s the Spot Grid strategy. It’s built for users who want to take advantage of price swings. The system automatically executes “buy low and sell high” actions within a chosen price range, running 24/7. This setup can be especially handy for traders who prefer automation but still want to profit from market volatility.
Finally, CoinEx offers an Auto-Invest Plan. This option helps users build crypto holdings gradually through scheduled, recurring investments. It’s designed for people who want consistent exposure without the stress of constant market monitoring. With just 1 USDT, anyone can start small and let the system handle execution and timing.
But before diving in, there’s an important reminder. Crypto products like SWTCH are high-risk, high-reward assets. Prices can swing dramatically, and investors should only participate after evaluating their personal financial situation and risk tolerance. CoinEx has made it clear that users bear full responsibility for their decisions and that the platform retains final interpretation rights over the listing announcement.
What this really means is that SWTCH’s listing isn’t just about a new token—it’s about the evolution of decentralized data systems and the growing maturity of blockchain markets. With its advanced trading features, user-friendly investment tools, and transparent processes, CoinEx is positioning itself as more than just an exchange—it’s becoming an ecosystem built for long-term crypto growth.
As investors explore the new SWTCH/USDT market, one thing is certain: innovation in blockchain data infrastructure is just getting started.
Quick FAQs about the CoinEx SWTCH Listing
1. When is SWTCH listed on CoinEx?
SWTCH (Switchboard Protocol) is listed on October 28, 2025.
2. When do deposits, withdrawals, and trading start?
Deposits and withdrawals open at 10:30 UTC, and trading begins at 11:00 UTC on October 28.
3. What is the trading pair?
The available pair is SWTCH/USDT.
4. How does the Call Auction work?
Phase 1: 10:30–10:50 UTC (orders can be placed or canceled)
Phase 2: 10:50–11:00 UTC (orders can’t be canceled).
5. What trading options are supported?
CoinEx supports AMM, Spot Grid, and Auto-Invest Plan for SWTCH/USDT.
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