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South Korean crypto exchange Upbit is expanding its USDT market by adding 12 new crypto tokens to its listings. One of the tokens saw its price soar to nearly 300% after its launch.
According to Upbit’s notice, the crypto exchange will be adding a set of cryptocurrencies to its USDT (USDT) trading pairs. Among the new additions, a few of them are Adventure Gold, MultiversX, Filecoin, Stellar Lumens, Lumiwave and Near Protocol.
One of the newly listed tokens, Adventure Gold or AGLD saw its price leap to 288% eight minutes after it launched on Upbit, according to data from DEX Screener. AGLD is currently trading hands at $2.45. In the past 24 hours of trading, the token has gone up by 64.64%.
Meanwhile, the other 11 newly listed crypto assets have not seen much positive change leading up to their Upbit listings nor after the launch, based on collected data from CoinGecko.
Other cryptocurrencies added to Upbit’s USDT trading market include Ahatoken, Alpha, ASTR, Bancor, Orchid, and RADWORKS. The 12 crypto tokens will be available on the crypto exchange’s USDT trading market starting from Nov. 13 at 16:30 KST.
These assets are based in various networks, including Ethereum, Luniverse, Astar Network, MultiversX, Filecoin, Sui, NEAR Protocol, and Stellar Network.
AGLD is the native token for Loot for Adventures, an NFT project that creates a list of 8,000 text-based virtual fantasy adventurer equipment and stores it on the blockchain. A Loot NFT is a virtual bag that contains a list of equipment. The AGLD token is used for governance purposes in the ecosystem.
According to the announcement, Upbit will limit buy orders to around five minutes following trading support. Furthermore, sell prices are restricted to less than 10% from the previous day’s closing price for five minutes after trading support.
Upbit also informed users that all order types except limit orders will be restricted for one hour after trading support starts.