Upbit will list 9 digital assets on both its Bitcoin (BTC) and Tether (USDT) exchanges on June 19, adding Lido DAO (LDO), PAX Gold (PAXG), Morpho (MORPHO), and six others in a four-hour consecutive release.
The South Korean exchange will open trading in one-hour windows from 3 PM to 7 PM Korea Standard Time (KST).
Upbit Listing Brings 9 New Altcoins to BTC and USDT Markets
The sequence starts with PEAQ and LIT at 3 PM KST. Kamino Finance (KMNO) and Morpho (MORPHO) follow at 4 PM. Gram (GRAM), which it has been updated recently Toncoin, opens at 5 PM.
LDO is PAXG starts at 6 PM. Osmosis (OSMO) and AMP close the discharge at 7 PM. Each token will receive a pair of BTC and USDT, except for Amp (AMP), which will trade only USDT.
The exchange said that the deposits will be opened within three hours from the notification. Upbit will apply a temporary trade restriction.
For the first five minutes after the opening of the market, traders cannot place buy orders, and trading orders with a value of more than 10% below the closing price of the previous day will be closed.
In addition, the exchange will allow only The order limit is about two hours after the sales support has started.
“Deposits and withdrawals are supported on specified networks. Deposits sent through unsupported networks are non-refundable and may require a longer processing time,” Upbit. he said.
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Signs Vary as the Market Goes Down
All altcoins made modest gains after the announcement, but some fell quickly afterward. PEAQ was up 21.90% at press time, the strongest move among the nine. KMNO added 2.79%.
OSMO rose 1.74%, while LDO gained 1.07%. AMP and MORPHO rose 0.76% and 0.65%, respectively. The rest of the two signs fell. GRAM was down 2.75%, the weakest performer. LIT decreased by 1.68%.
The disagreement follows days of pressure on the digital asset market. Bitcoin is the biggest crypto market has collapsed such as major financial shocks weight on risk appetite.
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A note Upbit Listing Announcement Causes Price Volatility Across 9 Altcoins appeared for the first time BeInCrypto.
