Upbit Set to List These Altcoins, One Surges 14%!
Cryptocurrency exchange Upbit has announced new trading support for multiple altcoins in the BTC and USDT markets.
According to Upbit’s official announcement, trading pairs for Biconomy (BICO) will be BICO/BTC and BICO/USDT, for Bubblemaps (BMT) BMT/BTC and BMT/USDT, for Nillion (NIL) NIL/BTC and NIL/USDT, and for ETHGas (GWEI) GWEI/BTC and GWEI/USDT. Trading support is scheduled to begin on August 21 at 1:00 PM, while deposits and withdrawals are expected to open within 2 hours of the announcement’s publication.
In the statement made by Upbit, it was noted that deposits and withdrawals for BICO, NIL, and GWEI will only be supported via the Ethereum network, while BMT transactions will be supported exclusively on the Solana network. A warning was issued that transfers outside the specified networks will not be supported and that the refund process for deposits made through incorrect networks may take a long time.
It was announced that buy orders for the assets in question will be restricted for approximately 5 minutes after trading support begins. Additionally, during the first 5 minutes, sell orders placed at levels 10 percent or more below the previous day’s closing price will be limited. For approximately 2 hours after the start of trading support, all order types and conditions except for limit orders will be restricted.
Upbit stated that the prices used as the basis for trading restrictions were determined based on CoinMarketCap data. As of August 21 at 9:30 AM, BICO’s previous day’s close was announced as 0.00000027 BTC in the BTC parity and 0.01959 USDT in the USDT parity, while current prices were 0.00000025 BTC and 0.01901 USDT, respectively. For BMT, the previous day’s close was 0.00000023 BTC and 0.01633 USDT, with current prices shared as 0.00000022 BTC and 0.01684 USDT. NIL’s previous day’s close was 0.00000058 BTC and 0.04138 USDT, while its current prices were at the 0.00000055 BTC and 0.04094 USDT levels. For GWEI, the previous day’s close was announced as 0.00000031 BTC and 0.02233 USDT, with current prices at 0.00000029 BTC and 0.02243 USDT.
According to CoinMarketCap data, the BICO price has risen 14.08 percent in the last 24 hours and is currently trading at the $0.019214 level.