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Listing of 2 Altcoins from South Korea's Largest: Prices are Rising! - Coin Bulletin
South Korea's largest cryptocurrency exchange Upbit has announced the listing of two new altcoins.
According to an announcement made by Upbit on its official website on May 8, Celestia (TIA) and io.net (IO) will be listed on the platform with trading pairs of South Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) respectively, and trading will start at 19:00 on May 8.
In a statement made by Upbit, it was reported that TIA deposit transactions can only be made through the Celestia network, while IO deposit transactions can only be made through the Solana network, transfers made from different networks will not be supported, and investors need to be cautious about this. It was also warned that otherwise, the fund refund process may take a long time.
It has been announced that buy orders will be restricted for the first 5 minutes for the mentioned assets, and that only limit orders will be accepted during the first hour.
Additionally, during the first 5 minutes after the listing, assets cannot be sold at prices that fall below 10% of the previous day's closing price.
According to CoinGecko data, the listing news from the South Korean front has once again raised prices. TIA gained 14.3% in value along with the news, while IO experienced a 20.8% increase.