South Korea’s Largest Exchange Upbit Will List GLMR Trading Pairs, GLMR Soars Over 45%

Key Points:

• Upbit to list GLMR, causing a 45% surge in its value.
• GLMR deposits are limited to Moonbeam Network; there is no support for Binance Smart Chain.
• Moonbeam Network offers advanced features, boosting GLMR’s market presence.

Upbit, South Korea’s leading cryptocurrency exchange, has officially announced its decision to list GLMR and introduce support for the GLMR/BTC trading pair.

Upbit Will List GLMR, Sparks 45% Value Surge

Starting within the next 3 hours, GLMR deposits will be open for users, with a crucial note that deposits from Moonbeam Network are exclusively supported. Deposits from other networks, including Binance Smart Chain (BSC), will not be accommodated. Transaction support for the GLMR/BTC pair is scheduled to commence on September 25, 2023, at 8:00 UTC.

This announcement has significantly boosted the value of GLMR, which has surged by over 45% in the past 24 hours and is now trading at approximately $0.235.

Moonbeam Network Enhances GLMR Accessibility

Moonbeam Network, the exclusive deposit network for GLMR on Upbit, is an Ethereum-compatible smart contract parachain integrated into the Polkadot ecosystem. It simplifies the utilization of popular Ethereum developer tools to create or migrate Solidity projects within a Substrate-based environment.

Moonbeam’s unique offering extends beyond being an Ethereum Virtual Machine (EVM) implementation. It serves as a specialized parachain mirroring Ethereum’s Web3 RPC, supporting features such as accounts, keys, subscriptions, logs, and more. Furthermore, the Moonbeam platform enriches the core Ethereum capabilities with on-chain governance, staking, and seamless cross-chain integrations.

As an essential component of the Polkadot ecosystem, Moonbeam facilitates integration and connectivity between Polkadot parachains and other prominent blockchain networks, including Ethereum and Bitcoin, via bridges. This move on Upbit promises to further enhance accessibility and liquidity for GLMR in the cryptocurrency market.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.