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Leading global digital asset exchange Upbit has announced that Wormhole (W) has been listed for trading on the KRW, BTC, and USDT markets. Trading support will begin at 19:00 on October 2, with deposits opening three hours earlier on the Solana network.
Upbit Will Support Wormhole (W) Trading in KRW, BTC and USDT Markets
Wormhole (W) Process Details
- Market Status: KRW, BTC, USDT
- Network: Solana
- Deposit Start: Three hours before the transaction starts
- Start of Operation: October 2, 19:00
Trade Restrictions
To ensure a smooth launch, Upbit has implemented temporary trading restrictions:
- Buy Order Limitation: No buy orders will be processed during the first five minutes after trading begins.
- Sell Order Limitation: During the first five minutes, no sell order will be executed below 10% of the previous day's closing price.
- Market and Limit Orders: Market and limit orders will be restricted for one hour after trading begins.
Prices will be based on data from CoinMarketCap.
What is a Wormhole?
Wormhole is a message passing protocol designed to connect different blockchains. It uses a Guardian Network for off-chain message passing and verification. The Wormhole token (W) serves governance and staking purposes.
Developers can also use Wormhole Connect, a widget that integrates Wormhole's functionality into web applications and benefits decentralized exchanges.
*This is not investment advice.