Upbit

Upbit Global introduces USDT support on the TRON network with no withdrawal fees. The TRON network processes 6.75 million transactions daily, indicating robust activity. Upbit Global, a popular cryptocurrency exchange, has added support for the stablecoin USDT on the TRON (TRC20) network, allowing for deposits and withdrawals of this token. To commemorate this achievement, Upbit stated that USDT withdrawals conducted via the TRON network will be free of charge. This fee waiver is a smart move to encourage more users…

The post ENS SkyRockets 13% Following Major Listing Announcement By Upbit appeared first on Coinpedia Fintech News Ethereum Name Service (ENS) has witnessed a notable boost as it surged over 12% following a major announcement by Upbit. The news of ENS being added to Upbit’s Korean won trading market has sparked significant interest in the token. The move is anticipated to greatly enhance the token’s liquidity and make it more accessible to South Korean investors, expanding ENS’s user base in…

Ondo, one of the top coins linked with RWA has been listed on the South Korean exchange Upbit. This will help in expanding the usage of the token particularly among the users in the South Korean market. At the same time, analysts have identified Ripple and Angry Pepe Fork as the best altcoins to invest in at the moment. It is said that the price of both coins could rise greatly in the next several weeks. So, investors are advised…

The post BEAM Surges 26% Following Upbit Listing appeared first on Coinpedia Fintech News In a significant move today, Upbit announced listing BEAM in KRW, BTC, and USDT pairs starting from May 31, 2024. Shortly after the announcement, BEAM witnessed a staggering 26% increase boasting a market cap of $1.6 million. The move has enhanced BEAM’s liquidity, attracting a broad spectrum of investors and solidifying its market position. The Upbit listing and the following price surge underscore the growing recognition…

AUCTION, the native token of the Coinbase-backed Bounce Finance DeFi platform, surged over 90% after South Korea’s largest crypto exchange, Upbit, listed it. The token has seen unprecedented investor interest this week, with trading volume surging 19x in the past 24 hours to hit $315 million, higher than mainstays like Bitcoin Cash and TRON. AUCTION, the native token of the decentralized finance platform Bounce Finance, nearly doubled in value after earning a listing on South Korea’s largest exchange. The token…

The post Upbit Introduces New Trading Pair with Bounce Cryptocurrency appeared first on Coinpedia Fintech News Upbit, South Korea’s largest crypto exchange, is introducing a new trading pair with Bounce (AUCTION). The launch will enable users to trade Bounce against the Korean Won (KRW) and significantly expand existing trading options. Following Upbit’s announcement, AUCTION experienced an increase as it surged above $30. The listing of the Bounce trading pair on Upbit is expected to attract significant investor interest. The new…

Upbit, a cryptocurrency platform based in South Korea, is responsible for over 80% of the country’s trading activity and has become among the world’s leading five exchanges in terms of trading volume. According to a Bloomberg report, Upbit’s customers were responsible for nearly a fifth of the total deposits from its major banking partners last year. Upbit’s Dominance Sparks Concerns Upbit’s dominance has drawn criticism and concerns, particularly as South Korea moves to enact new legislation aimed at protecting investors…

Anonymous crypto transfers might become history in South Korea. Major South Korean exchanges will ban transfers to non-verified wallets, following a decision by Coinone. The businesses are adapting to new regulations set by the government. Exchanges including Upbit, Bithumb, and Korbit, will follow a similar decision by a Korean crypto exchange, Coinone.  On Wednesday, Coinone announced it would no longer allow deposits and transfers from unverified private wallets. The decision came as a result of new stricter regulations in Korea. The…

Upbit recently announced the reopening of deposits and withdrawals for Ethereum on their platform. The South Korean based crypto exchange stopped the services for a long time after a hack. The hack led to the loss of $50 million worth of cryptocurrency funds. Upbit said that it is adopting another wallet system for the services. Additionally, the exchange reassured its users in full using its corporate assets because crypto funds got hacked. Upbit also noted the Ethereum wallet security system…