South Korea’s largest crypto exchange, Upbit, has announced the launch of trading pairs for Drift Protocol’s token, DRIFT, with the Korean Won, Bitcoin, and USDT on November 8.
Launch of DRIFT Trading Pairs on Upbit
The Drift Protocol token will be available for trading on the Upbit platform from 6 PM KST. Supported pairs include the Korean Won, Bitcoin, and Tether. Trading price limits will be determined based on data from CoinMarketCap, with buying and selling restrictions in place.
Current DRIFT Performance
According to crypto.news, DRIFT is experiencing significant growth, rising 81% in the last 24 hours to a value of $0.88. The token has gained 92.96% over the past week, maintaining a market cap of $211 million with a trading volume of $74 million.
Details on Drift Protocol
Drift Protocol offers perpetual futures trading on the Solana platform. Its governance token, DRIFT, allows holders to vote on protocol improvements through staking. In May 2024, Drift organized a token distribution, including bonus tokens to enhance user interaction and reward loyal traders.
The launch of DRIFT trading pairs on Upbit opens new opportunities for traders while drawing attention to Drift Protocol and its significant market performance.
