Upbit Introduces Tether (USDT) to KRW and BTC Markets

Upbit, a South Korean digital asset exchange, recently made an announcement regarding the inclusion of Tether (USDT) in the KRW and BTC trading markets.

USDT Addition Details:

• Digital Asset: Tether (USDT)
• Markets: KRW, BTC
• Supported Networks: Tron, Ethereum
• Deposit Start Time: Deposits can be initiated within 3 hours from the announcement.

Important Notes:

Users are advised to confirm the network compatibility before proceeding with deposits. Only deposits through the Tron and Ethereum networks will be supported.

Upbit has implemented specific trading limitations to ensure market stability during the initial phases of USDT trading.

• Buy Restriction: Buying orders will face restrictions for approximately 5 minutes once trading support commences.
• Minimum Sell Price Restriction: Sell orders at prices 10% below the previous day's closing price will be restricted for approximately 5 minutes after trading begins.
• Market and Reserved Order Restriction: Market and reserved orders will be restricted for roughly 1 hour after trading initiation.

Previous Day Closing Prices:

• USDT to KRW: 1,387 KRW
• USDT to BTC: 0.00001411 BTC

Users are advised to carefully adhere to the provided instructions for deposits. Any deposits that do not meet the processing requirements may encounter significant delays in the refund process.

Please note that this communication does not constitute investment advice.