South Korean Bitcoin exchange Upbit has recently announced the addition of Tether (USDT) to its Korean Won and Bitcoin markets. The digital asset exchange revealed that users can now trade Tether on the KRW and BTC markets, with support for the Tron and Ethereum networks. Deposits for Tether will be accepted within 3 hours of the announcement, but users are reminded to verify the network before depositing, as only deposits made through Tron and Ethereum will be supported.
To ensure market stability during the initial phase of USDT trading, Upbit has implemented certain trading restrictions. Buy orders will be restricted for approximately 5 minutes after trading support starts, while sell orders at prices 10% below the previous day’s closing price will also face restrictions. Market and reserved orders will be restricted for about 1 hour after trading support begins. The previous day’s closing prices for USDT were 1,387 KRW and 0.00001411 BTC.
Users are advised to carefully follow the deposit instructions provided, as deposits that cannot be processed may experience significant delays in refunds. It is important to note that this information is not investment advice. For those interested in investing in over 300 cryptocurrencies, they can register with Binance exchange with a 20% COMMISSION DISCOUNT. Stay updated with exclusive news, analytics, and on-chain data by following Upbit’s Telegram and Twitter accounts.
