Upbit, the premier digital asset exchange on a global scale, has revealed an update to its trading support system, with a primary focus on enriching the availability of virtual asset information. This move is in line with the adoption of top-notch practices for assisting virtual asset trading.
Before the commencement of trading support, virtual asset prices and information will be readily accessible. Investors can find vital details in the virtual asset information section, such as authentic texts or links to crucial documents like white papers, main content descriptions in Korean, and essential information concerning issuance, disclosure, and security.
Upbit has specified the trading support specifics for PENDLE in the KRW and BTC markets. The trading support is set to kick off at 18:00 on August 6. Deposits and withdrawals via the Ethereum network will be initiated within two hours of the notice being posted.
Guidelines for Deposits and Withdrawals
Upbit underscores the significance of verifying the network before depositing digital assets, as deposits and withdrawals through networks not officially announced are not supported. For the initial 24 hours post the commencement of deposits and withdrawals, PENDLE withdrawal fees will be exempted. Subsequently, standard fees will apply.
In order to ensure market stability, Upbit has put in place various trading restrictions for PENDLE. Buy orders will be limited for approximately five minutes after the initiation of trading support. Furthermore, sell orders at prices below 10% of the previous day’s closing price will also be restricted for the same duration. Market price and reservation orders will be limited for around one hour following the start of trading support.
As per the company’s report, deposits and withdrawals for PENDLE are exclusively supported through the Ethereum network. Deposits made through networks not sanctioned by Upbit may experience delays in processing. To adhere to the Travel Rule, deposits from non-authorized exchanges necessitate a separate review. Moreover, only personal wallet addresses that have completed ‘ownership verification’ are eligible for deposits and withdrawals.