What to know:
- Upbit will list BICO, BMT, NIL, and GWEI through BTC and USDT trading pairs.
- GWEI surged nearly 11% after the listing announcement, outperforming the other three tokens.
- Trading volumes increased as market participants anticipated the new listings on Upbit.
Upbit listings have provided a big boost to ETHGas following South Korea’s biggest cryptocurrency exchange revealing that it will list GWEI among four tokens on its platform. It should be noted that the coin rose by nearly 11% soon after the announcement and became the best-performing one out of those four.
The exchange mentioned that it would launch trading for four tokens such as BICONOMY’s BICO, Bubblemaps’ BMT, Nillion’s NIL, and ETHGas’ GWEI. The tokens will be available for trading via BTC and USDT pairs. Nevertheless, Upbit did not mention KRW pairs.
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Upbit Listings Push GWEI to the Top
Upbit listings have provided a big boost to ETHGas, following South Korea’s biggest cryptocurrency exchange revealing that it will list GWEI among four tokens on its platform. It should be noted that the coin rose by nearly 11% soon after the announcement and became the best-performing one out of those four.
The exchange mentioned that it would launch trading for four tokens such as BICONOMY’s BICO, Bubblemaps’ BMT, Nillion’s NIL, and ETHGas’ GWEI. The tokens will be available for trading via BTC and USDT pairs. Nevertheless, Upbit did not mention KRW pairs.
This volume surge indicates that there was much interest on the part of traders before the start of trading in the new listings at Upbit. The listing of tokens is usually associated with increased visibility for the token and may result in strong price action and volumes.
Upbit Listings Schedule Remains Important
It is not yet clear when the markets will open. As reported, the opening of the markets has been delayed to 4 p.m. Korea Standard Time by Upbit, whereas another report mentions the opening at 1 p.m. KST.
Users must verify the official announcements from Upbit for details about the exact timing of the markets. The deposit and withdrawal process can also differ depending on the exchange’s policy.
Within the context of the normal procedure used in listing new tokens, Upbit could impose certain trading restrictions for a while. Trading restrictions could be imposed on buy orders at the start of the day or on sell orders that are well below the reference price, among others.
Deposits and withdrawal activities will be subject to the particular blockchain networks supported by Upbit. The user should ensure they are selecting the right network for the newly listed asset.
The Upbit listings have brought yet another bunch of cryptocurrencies to one of the most monitored cryptocurrency exchanges in South Korea, with GWEI emerging as the major winner from the news right away.
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