UPBIT Lists ZEROBASE with Multiple Trading Pairs

UPBIT will begin supporting deposits and trading of ZEROBASE (ZBT) across KRW, BTC, and USDT pairs starting October 17, 2023, utilizing the Ethereum network.

This development increases ZBT’s liquidity and accessibility, while encouraging participation and engagement across multiple exchanges, indicating potential for heightened market activity and user interest.

UPBIT Goes Live with ZEROBASE Trading Pairs

UPBIT, alongside other major exchanges, initiated ZEROBASE’s introduction through deposit and trading service openings on October 17, 2023. While users can trade with KRW, BTC, and USDT pairs, deposits require Ethereum network transactions, ensuring user security through consistent blockchain integration.

The switch to live trading engages the broader market ecosystem, potentially impacting trading volumes and price volatility. Spot trading and liquidity are immediate focus areas while exchanges strive to stabilize markets. Multi-platform listings align with general practices for increased market liquidity.

At this time, no significant community leader statements or regulatory directives have surfaced regarding the ZEROBASE listing. The community’s response appears neutral, yet similar past events typically trigger investor interest due to the expanded trading avenues.

ZEROBASE Market Dynamics and Regulatory Outlook

Did you know? Historical data indicates that same-day multi-exchange listings frequently experience a spike in trading volumes and initial price shifts comparable to ZEROBASE’s market entry on October 17, 2023.

As of the latest report, ZEROBASE (ZBT) is valued at $0.42, with a market cap of $91.44 million. The project has witnessed a substantial decline of 48.62% over the past 90 days. CoinMarketCap shows a trading volume of $582.44 million, marking a pronounced shift in user activities.

Coincu’s research suggests potential regulatory reviews due to heightened market volatility associated with new digital asset listings. However, these developments could accelerate network evolution, promoting more robust blockchain solutions and financial integrations across platforms.

Users are responsible to understand and accept the risks associated with participating in Booster Programs, including but not limited to the inability to claim tokens during the lock-up period, market volatility, and project-specific risks. — Binance Official Communication

Regulatory focus might increase as platforms seek to mitigate risk factors linked with heightened liquidity demands.