Upbit, the largest cryptocurrency exchange in South Korea, has recently announced the addition of a new altcoin to its trading platform through a blog post for its users. The newly listed coin is Ondo Finance (ONDO), which can now be traded in pairs with South Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) on the exchange.
This move by Upbit comes in response to new regulatory changes in South Korea, which aim to enhance transparency and security in cryptocurrency trading. These regulations have prompted exchanges to expedite the listing of various coins to comply with the updated framework.
Ondo Finance is a decentralized finance (DeFi) platform that offers innovative financial products designed to provide users with predictable returns and improved capital efficiency. By adding ONDO to its platform, Upbit aims to increase the token’s visibility and accessibility in the South Korean market, providing investors with greater liquidity and flexibility.
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