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Upbit Introduces Ondo Finance Trading Pairs in Response to Regulatory Changes

Jun 14, 2024

Upbit, the largest cryptocurrency exchange in South Korea, has revealed the introduction of Ondo Finance (ONDO) trading pairs, including ONDO/KRW, ONDO/BTC, and ONDO/USDT. This development is part of a trend among South Korean exchanges to increase their listing activities in compliance with new regulatory mandates. The recent regulatory reforms, designed to enhance the transparency and security of cryptocurrency trading, have prompted exchanges in South Korea to expedite the listing of a variety of coins. Upbit's decision to incorporate Ondo Finance (ONDO) into its trading platform aligns with the industry-wide effort to adhere to the revised regulatory framework. The addition of ONDO trading pairs on Upbit provides users with more trading options, allowing for the exchange of Ondo Finance tokens using South Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). This move is expected to enhance liquidity and flexibility for investors operating on the platform. Ondo Finance, a decentralized finance (DeFi) platform, offers innovative financial products that aim to deliver predictable returns and enhance capital efficiency for its users. By being listed on Upbit, ONDO is anticipated to gain increased visibility and accessibility in the South Korean market.

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