South Korea‘s prominent cryptocurrency exchange, Upbit, has thrilled the crypto community with its announcement to launch IMX, a revolutionary digital asset set to support an array of trading pairs on the KRW market.
IMX Listing Upbit, Ushering in a New Chapter in the World of Crypto Trading!
Notably, IMX will exclusively facilitate Ethereum network top-ups, adding a new dimension to the trading experience.
The much-anticipated IMX trading is set to kick off on July 28, 2023, at 13:00, promising exciting opportunities for traders seeking to explore the crypto market using the Korean Won (KRW) and Ethereum-based tokens.
To ensure utmost security and accurate market information for its members, Upbit has outlined specific restrictions on transactions under certain conditions following IMX’s integration into the market.
The key details are as follows:
- Start of Transaction Support: July 28, 2023, 13:00 (Scheduled)
- Limit Buy and Sell Orders: Initially, buy orders for IMX will be restricted to approximately 5 minutes. Additionally, sell orders for IMX will be capped at -10% or less of the previous day’s closing price (941 KRW) of the Upbit BTC market.
- Market Price and Pre-Order Limits: Following IMX’s inclusion, market price and pre-orders will be limited to approximately an hour.
Upbit emphasizes its commitment to providing a safe and stable trading environment for its users, thereby prioritizing transparency and safeguarding the interests of its vibrant community through these measures. By exclusively supporting deposits from the Ethereum network, Upbit showcases its dedication to bolstering its Ethereum-based offerings. Notably, deposits via other networks, such as Binance Smart Chain (BSC), will not be supported for IMX.
IMX on Upbit opens up a world of possibilities for traders, allowing them to diversify their portfolios and access a wide array of trading opportunities within the KRW market, thus enhancing their crypto trading experience.
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