Upbit has announced the listing of CoW Protocol (COW) on its platform, with trading available in KRW, BTC, and USDT markets.
Deposits will open within two hours of the announcement, while official trading is set to begin on February 25 at 20:30 KST.
To ensure market stability, Upbit has implemented temporary trading restrictions. Buying orders will be restricted for the first five minutes after trading begins, while sell orders below 10% of the previous day’s closing price will be prohibited during this period. Only limited orders will be accepted during the first hour of trading.
Users should verify the Ethereum network before making deposits, as unsupported network transactions won’t be processed. Deposits must originate from verified virtual asset providers, and unlisted exchanges may not have their transactions credited, leading to potential delays in refunds. Only verified personal wallet addresses can be used for deposits and withdrawals, and proof of fund origin may be needed for large transactions.
CoW Protocol operates as an intent-based aggregator, optimizing transaction efficiency by executing trades through intent messages rather than direct transactions. The project also provides an RPC solution called MEV Blocker and features an Automated Market Maker (AMM); the COW token functions as the governance asset within the protocol.
Upbit has cautioned investors about potential market volatility and price differences between domestic and global exchanges. Despite implementing measures for stability, the platform advises caution, highlighting that digital asset investments are highly speculative and may lead to substantial losses.
Similarly, Upbit recently listed Official Trump (TRUMP) for trading in KRW, BTC, and USDT markets, with deposits opening within two hours. Trading started on February 13 at 18:00 KST. To manage volatility, buy orders were limited for the first five minutes, and sell orders were blocked if below 90% of the previous day’s closing price. Only limit orders were permitted during the first hour of trading.
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