Upbit Announces It Will List Two New Altcoins

• Upbit, one of South Korea’s leading cryptocurrency exchanges, announced that it will list two new altcoin trading pairs – ALT and PYTH – to its platform.

The famous global digital asset exchange Upbit announced on February 27, 2024 that it added altcoins ALT and PYTH to its platform as new digital assets.

Upbit Adds New Digital Assets to KRW, BTC Market: ALT and PYTH

ALT will be available in BTC parity, while PYTH will be listed on both the KRW and BTC markets. Following this announcement, Upbit provided guidance on deposit and trading support.

Deposit support for ALT and PYTH will begin within 3 hours of this notification being published. 

It is important to note that ALT only supports deposits via the Ethereum network, excluding other networks such as BSC.

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Similarly, PYTH only supports deposits via the Solana network, excluding BSC and other networks.

Initially, buy orders will be restricted for approximately 5 minutes after listing.

Sell orders will be restricted at prices below 10% of the previous day’s closing price for ALT and PYTH.

Market orders and reserved orders will be restricted for approximately one hour following the addition of new digital assets.

The prices of the new digital assets listed on Coinstats are approximately ALT: $0.5242 and PYTH: $0.72 as of February 27, 2024.

Users are advised to keep these prices in mind and be wary of potential losses due to rapid market fluctuations after initial support for trading.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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