Binance, Upbit, and Bithumb are set to launch trading for Magic Eden’s native token, ME, beginning December 10, marking a major milestone for the Solana-based NFT marketplace.
Binance has confirmed that trading and withdrawals for ME will go live at 15:00 UTC. The exchange will offer ME in the following trading pairs: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY. Users can begin depositing ME in advance. However, Binance has flagged the token with a “seed” tag due to its relatively new status, requiring users to complete a quiz on the Binance Spot and Binance Margin platforms and agree to the exchange’s terms of use every 90 days to retain trading access.
Upbit and Bithumb, both major South Korean exchanges, will also list the ME token on December 10, with trading set to begin at 14:00 UTC. Upbit will support trading pairs with Korean won (KRW), Bitcoin (BTC), and Tether (USDT), while Bithumb will list the token with the Korean won at a base price of 2,286 won (approximately $1.59). Upbit’s deposits and withdrawals will open at 14:00 UTC, while trading times are still to be confirmed.
For both exchanges, deposits and withdrawals will be supported exclusively via the Solana network, and users must link a verified personal wallet address. Upbit warned that deposits made from linked wallets may require a return process, depending on the network used.
Bithumb announced that it would also introduce the SynFutures governance token, $F, alongside $ME and begin trading only after securing sufficient liquidity. The exchange stated that the specific trading start time would be announced later.
Meanwhile, both Upbit and Bithumb recently listed Movement Labs’ MOVE token on December 9, with Upbit offering trading pairs against KRW, Bitcoin, and USDT, while Bithumb supports only KRW pairs. Upbit set a minimum sell price of $0.33 and temporarily restricted certain orders after trading began.
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