Upbit to List This Altcoin: Trading Time Announced

Upbit has announced that it will launch trading support for Renzo (REZ) on the USDT spot market.

According to the exchange’s announcement, trading support will begin on September 10 at 09:00 TRT. This will enable trading through the REZ/USDT pair. Deposits and withdrawals for REZ will open within 1 hour and 15 minutes of the announcement. However, it was stated that the start of trading could be postponed if sufficient liquidity is not provided.

REZ deposits and withdrawals will only be supported via the Ethereum network. Upbit reported that transfers from different networks will not be supported and the return process for assets sent via the wrong network could take a long time.

With the commencement of trading support, buy orders will be restricted for the first 5 minutes. During the same period, sell orders cannot be placed at prices 10% or more below the previous day’s close. Additionally, only limit orders will be accepted for approximately 2 hours; other order types and conditions will be unavailable during this period.

Upbit explained that CoinMarketCap data will be used as the basis for trading restrictions. The previous day’s closing price for REZ was 0.003202 USDT, while the last price as of September 10 at 07:05 TRT was shared as 0.003130 USDT.