South Korean Bitcoin exchange Upbit has made an announcement regarding the addition of Tether to the Korean Won and Bitcoin markets. This news comes as Upbit continues to expand its offerings in the digital asset space.
The addition of Tether (USDT) to the KRW and BTC markets is a significant development for Upbit. The digital asset exchange has outlined specific details regarding this addition, including the supported networks (Tron and Ethereum) and the deposit start time (within 3 hours from the announcement).
To ensure market stability during the initial phase of USDT trading, Upbit has implemented certain trading restrictions. These include restrictions on buy orders, minimum sell price, and market and reserved orders for a specified period after trading support begins.
Users are advised to carefully follow the instructions provided for deposits, as deposits made through networks other than Tron and Ethereum will not be supported. Any deposits that cannot be processed may experience delays in refunds.
It is important to note that this announcement is not investment advice. For those interested in investing in a wide range of cryptocurrencies, registering with Binance exchange with a 20% commission discount may be a beneficial option.
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