Upbit, South Korea’s largest cryptocurrency exchange, is all set to launch trading for the $LAYER token and the trading pairs will be available in Korean Won (KRW), BTC, and USDT. The trading for Solayer, which is a restaking network built on Solana, will officially begin at 9:00 PM local time.
Upbit To List Solayer ($LAYER) Today
According to the official statement, Upbit will release additional information regarding the exact timing of transaction support once sufficient liquidity is secured on the platform. Note that deposits and withdrawals for LAYER will be facilitated exclusively through the Solana network. Therefore, users are strongly recommended to verify the network before making any deposits, as transactions through unsupported networks will not be processed. Moreover, all LAYER deposits made before the reference price for the token is listed on CoinMarketCap or before Upbit’s official transaction support begins will undergo travel rule verification, regardless of the amount.
As Upbit’s standard process dictates, the crypto exchange will implement certain restrictions for LAYER trading to ensure secure market operations:
1. Buy Orders: These will be restricted for the first 5 minutes after trading support begins.
2. Minimum Selling Price: The minimum selling price for $LAYER orders will be limited, with the specific price details to be announced ahead of the launch.
3. Order Types: Only limit orders will be supported during the first hour after trading begins. Other order types will be restricted.
Deposits and withdrawals for $LAYER will only be supported through the specified Solana network (LAYER-Solana). Deposits from exchanges not included in the list of approved virtual asset business operators will not be reflected, and such transactions may take extended periods to process.
Also Read: Bithumb Lists Berachain ($BERA) Korean Won trading pair
Source: https://www.cryptonewsz.com/upbit-list-solayer-layer-krw-btc-usdt-pairs/