Upbit, South Korea’s Largest Exchange, Announced It Will List a New Altcoin, Its Price Increased by 85 Percent!

Upbit, South Korea’s largest cryptocurrency exchange, started the day with an altcoin announcement.

At this point, Upbit announced in its statement that it will list the altcoin named SPURS and support the SPURS / BTC transaction pair.

Stating that SPURS deposits will be opened shortly, Upbit stated that it will only support deposits on the Chiliz Chain network.

Upbit made the following statements in its statement:

“SPURS deposit support will begin within 3 hours of this notification being published.

SPURS transaction support is planned to start on 20.12.2023 16:00 (UTC 10:00).

SPURS only supports deposits on the Chiliz Chain network.

When adding a new digital asset, buy orders are restricted for the first 5 minutes.

SPURS sell orders are limited to prices below -10% of the previous day’s closing price of Coin Market Cap (0.00009502 BTC).”

SPURS rose as much as 85% after the Upbit announcement and is trading at $7.43 at the time of writing.

What is SPURS?

SPURS is a fan token issued by Chiliz under an exclusive contract with Tottenham Hotspur for a certain period of time.

*This is not investment advice.