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South Korea’s largest cryptocurrency exchange, Upbit, has announced the listing of Binance‘s 30th launchpad project SPACE ID (ID). Following the listing announcement, the price of ID increased by over 25%, marking a significant rise.
Upbit Lists SPACE ID (ID)
The cryptocurrency exchange Upbit has announced the listing of Binance’s launchpad project SPACE ID’s native asset ID in BTC pairing. In the listing announcement, it was noted that only deposits over the Ethereum network would be accepted for ID, and deposits through other networks such as BNB Smart Chain (BSC) would not be supported.
After the listing announcement, the price of SPACE ID moved upwards, increasing over 25% to $0.35. Along with the price, the trading volume of the altcoin also surged. The 24-hour trading volume of ID saw an over 500% increase, reaching $148.19 million. According to data provided by the crypto data and price platform CoinMarketCap, ID was trading at $0.3227, a 22.56% increase over the last 24 hours, with some pullback at the time of writing this article.
As is known, Binance had announced SPACE ID as its 30th launchpad project in March of this year and, after the participation process ended, added ID to its list of listed altcoins.
What is SPACE ID?
With the increasing number of Web3 users, the topic of decentralized identity has become an increasingly important area for Web3. Space ID is a multi-chain blockchain naming service, enabling users to register domain names with extensions like .arb, .bnb, and .eth. The platform provides a comprehensive Web3 identity solution in a single convenient location for discovering, registering, trading, and managing Web3 domain names.
SpaceID also offers a Web3 Name SDK & API for developers to utilize across different blockchains. Moreover, Space ID aims to bring all these elements together under one roof.
- Upbit announces SPACE ID listing, price rises.
- Deposits accepted only via Ethereum network.
- SPACE ID aims to unify Web3 identity solutions.