Upbit exchange announced the listing of 12 new trading pairs with USDT
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Johny Smith
2024/12/06
3 mins read
South Korea’s largest cryptocurrency exchange, Upbit, has announced the listing of 12 new digital assets on its trading platform paired with Tether (USDT). They will be added today. The list includes such well-known tokens as NEAR Protocol (NEAR), Stellar Lumens (XLM), Filecoin (FIL) and others, including AHT, AGLD, ARPA, ASTR, BNT, EGLD, LWA, OXT and RAD. Trading will start with certain restrictions: it will be prohibited to place purchase orders in the first 5 minutes, and sales will be limited to 10% below the last price.
The Upbit exchange noted that such rules will be in effect for an hour after the start of trading. After this, the bans on market and pending orders will be lifted. Such measures have been introduced to reduce the likelihood of price manipulation. The platform’s press service also warned of the need to carefully check the transfer network before depositing assets to avoid errors and delays.
Introduction of new assets such as Filecoin (FIL) And Astar (ASTR)is designed to attract the attention of both retail and institutional investors. Tokens are designed to solve specific problems in the blockchain: from storing data to ensuring anonymity and decentralized financial transactions. This move demonstrates the growing popularity of such assets in South Korea and their importance to the global cryptocurrency community.
Some of the included tokens are already widely known and supported on global exchanges. Stellar Lumen (XLM) is actively used for international transfers with low fees, and NEAR Protocol (NEAR) positions itself as a platform for scalable and convenient decentralized applications. The addition of such assets to Upbit strengthens the exchange’s position as a major player in the cryptocurrency market.
At the same time, Upbit warned investors about the need to comply with security measures when trading new tokens. It is emphasized that not all of them have high liquidity, which can lead to increased volatility in the first days of trading. In particular, the exchange pointed out possible risks when using little-known assets such as LumiWave (LWA).
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