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Upbit, one of the largest cryptocurrency exchanges in South Korea, is adding a new digital asset listing. The exchange announced that it will support its Layer 1 blockchain project $MANTRA (OM) with KRW (Korean Won), $BTC and $USDT trading pairs. Trading support will begin on May 21 at 15:00.
Upbit Announces New Trading Pairs for $MANTRA (OM): Support Begins in KRW, $BTC, and $USDT Markets
According to the statement made by Upbit, both deposits and withdrawals for $MANTRA (OM) will be activated within two hours after the official announcement.
Temporary Transaction Restrictions
As with new asset listings, some temporary trading restrictions will apply to OM:
- Buying Restriction: Buying orders will not be allowed during the first 5 minutes after the start of trading support.
- Minimum Sale Price Limit: During the same period, sell orders cannot be placed at 10% below the previous closing price.
- Order Type Limitation: Only limit orders will be accepted for 2 hours after trading starts.
These measures aim to maintain market stability and prevent sudden price fluctuations.
What is OM Token?
$MANTRA (OM) is the native token of $MANTRA Chain, a Layer 1 blockchain focused on tokenization of physical assets, based on Cosmos SDK and compatible with the Ethereum virtual machine. The network offers the following components optimized for enterprise use:
- $MANTRA DID: Authentication system
- $MANTRA Guard: DeFi security module that supports regulatory compliance
- $MANTRA Token Service: Physical asset tokenization infrastructure
The OM token is used for network fees, staking, governance, authentication levels, liquidity incentives, and regulatory reporting.
The listing of $MANTRA (OM) further demonstrates Upbit’s emphasis on DeFi-focused projects in its expanding digital asset portfolio, and is expected to attract increasing interest from institutional and individual investors.
*This is not investment advice.