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South Korea’s leading digital asset exchange Upbit has announced that it will support trading for DeepBook ($DEEP) on the KRW market starting at 14:30 on April 22.
Upbit to List DeepBook ($DEEP) on KRW Market on April 22
The listing expands trading options for Korean users looking to gain exposure to emerging DeFi protocols built on the Sui Network.
DeepBook ($DEEP) is a native liquidity layer on the Sui blockchain that aims to unify the fragmented liquidity in the DeFi ecosystem.
It plays a key role in providing efficient liquidity management for both professional traders and DeFi protocols. The $DEEP token is used for fees, staking incentives, and governance.
Key List Details:
- Asset: DeepBook ($DEEP)
- Market: KRW
- Network: Sui
- Transaction Start: April 22, 2025, 14:30
- Reference Price: 0.00000103 BTC (~130.8 KRW)
Trade Restrictions:
To ensure stability during the initial launch phase, Upbit will implement the following:
- Buy Orders will be blocked for the first 5 minutes after listing.
- Sell Orders priced less than 10% below the previous closing price will also be restricted for the same period.
- Order Types Are Limited: Only limit orders will be allowed for the first hour after launch.
Risk Warning:
Upbit reminds investors that digital assets are high-risk products subject to rapid price fluctuations due to speculative demand and global regulatory developments. Users are advised to conduct due diligence and consult project materials before trading.
*This is not investment advice.