Cryptocurrency Upbit Announces Listing of This Altcoin on Spot Trading Platform

South Korea-based cryptocurrency exchange Upbit has announced it will launch new digital asset trading support for Centrifuge ($CFG). According to the announcement, $CFG will be listed in KRW, BTC, and USDT pairs.

Deposit and withdrawal operations will open within 1 hour and 30 minutes of the announcement’s publication. Transaction support is scheduled to begin on February 26th at 2 PM.

Only the Ethereum network will be supported for $CFG. Users should note that transfers over different networks will not be supported. The exchange also stated that the transaction start time may be delayed if sufficient liquidity is not available.

Temporary restrictions will be applied at the start of trading. Accordingly, buy orders will be limited for the first 5 minutes. During the same period, sell orders below 10% of the previous day’s closing price will not be accepted. Furthermore, only limit orders will be allowed for the first 2 hours.

The previous closing price for $CFG/KRW was 126.02 KRW, while as of 11:15 AM on February 26th, the price is at 126.35 KRW.

Centrifuge is known as a project that aims to tokenize real-world assets (RWA) on the blockchain. The $CFG token is used for participation in network governance.

*This is not investment advice.