Upbit Announces Listing for This Altcoin, Price Surges 78%!

Cryptocurrency exchange Upbit has announced new trading support for an altcoin.

According to the announcement published on Upbit’s official website, The Interfold (FOLD) will receive trading support on the platform. Trading in FOLD/KRW, FOLD/BTC, and FOLD/USDT pairs is scheduled to begin on August 23 at 12:30.

Upbit stated that FOLD deposits and withdrawals can only be carried out via the Ethereum network and that these services are planned to open within two hours of the announcement’s publication. It was warned that transfers via networks other than Ethereum will not be supported, and the refund process for non-reflected deposits could take a long time.

It was announced that buy orders for the asset in question will be restricted for approximately 5 minutes after trading support begins. Additionally, it was noted that only limit orders will be accepted for approximately 2 hours following the listing.

In addition, it was stated that for approximately 5 minutes after the start of trading, sell orders for FOLD at levels 10% below the previous day’s closing price or lower would be restricted. Upbit reported that the prices used for these trading restrictions would be determined in line with CoinMarketCap data.

According to the disclosed data, the previous day’s closing price for FOLD was shared as 125.2 KRW in the KRW pair, 0.00000117 BTC in the BTC pair, and 0.09030 USDT in the USDT pair. As of 10:00 on August 23, the current prices were announced as 118.88 KRW, 0.00000112 BTC, and 0.08655 USDT, respectively.

According to CoinMarketCap data, the FOLD price has risen 78.14% in the last 24 hours and is trading at the $0.156432 level.