Upbit has listed Official Trump (TRUMP) as a trading company in the KRW, BTC, and USDT markets. Deposits will open within two hours of the announcement, while trading is set to commence on February 13 at 18:00 KST.
Upbit will implement trading restrictions to manage volatility. For the first five minutes, buy orders will be restricted, and sell orders below 90% of the previous day’s closing price will be blocked. Additionally, only limited orders will be allowed for the first hour. As of 15:15 KST on February 13, TRUMP was valued at 22,482 KRW, 0.0001608 BTC, and 15.53 USDT.
Upbit has emphasized the importance of using the designated Solana network for deposits and withdrawals. Transactions from unsupported networks will not be processed, while deposits from exchanges not listed as approved virtual asset providers will be rejected. Refunds for rejected deposits may take time, and withdrawals are limited to verified personal wallets.
Investors are urged to exercise caution, as digital assets are highly volatile and subject to speculative demand and regulatory changes. Price disparities between local and global exchanges are common. Upbit has implemented measures to ensure a stable trading environment but warns that restrictions may apply in cases of excessive market activity.
Similarly, Upbit recently added Virtuals Protocol (VIRTUAL) trading, which went live on January 31 at 8:00 PM KST. The token is available in KRW, BTC, and USDT pairs. Following the announcement, VIRTUAL surged 20% from $2.04 to $2.40 before settling at $2.30. CoinMarketCap data shows a $1.5 billion market cap and $500 million 24-hour trading volume. To control market fluctuations, the platform set an initial price range of 2,971–2,984 KRW ($2.04–$2.05). Similar to the trading of TRUMP, buy orders were restricted for the first five minutes, and only limited orders were allowed during the first hour of trading.
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