News

Upbit Announces Listing of IMX, Revolutionizing Crypto Trading!

Key Points:

  • South Korean exchange Upbit to launch new digital asset IMX exclusively for Ethereum network top-ups, with trading set to commence on July 28, 2023.
  • IMX offers new opportunities for traders to participate in the crypto market with KRW and Ethereum-based tokens, diversifying portfolios and enhancing trading experience.
  • Upbit lays out specific restrictions on transactions to ensure secure trading environment and deliver accurate market information to its members. IMX will exclusively support deposits from Ethereum network, indicating Upbit’s focus on bolstering its Ethereum-based offerings.
South Korean cryptocurrency exchange Upbit has announced its plans to launch IMX, a new digital asset set to support trading pairs on the KRW market and exclusively facilitate Ethereum network top-ups.

The eagerly awaited IMX trading is scheduled to commence on July 28, 2023, at 13:00.

IMX’s introduction on Upbit brings exciting opportunities for traders, as it opens up a new realm of possibilities for participating in the crypto market with the Korean Won (KRW) and Ethereum-based tokens.

To ensure a secure trading environment and deliver accurate market information to its members, Upbit has laid out specific restrictions on transactions under certain conditions following the addition of IMX to the market.

  1. Start of Transaction Support: July 28, 2023, 13:00 (Scheduled)
  2. Limit Buy and Sell Orders: Upon the inclusion of IMX, the initial buy order will be restricted to approximately 5 minutes. Moreover, IMX sell orders will be capped at -10% or less of the previous day’s closing price (941 KRW) of the Upbit BTC market.
  3. Market Price and Pre-Order Limits: Following the addition of IMX, market price and pre-orders will be limited to approximately an hour.

As part of the IMX launch, South Korean cryptocurrency exchange emphasizes its commitment to providing a safe and stable trading environment for its users. The exchange aims to uphold transparency and safeguard the interests of its community by implementing these measures.

IMX will exclusively support deposits from the Ethereum network, indicating Upbit’s focus on bolstering its Ethereum-based offerings. However, it’s important to note that deposits via other networks, such as Binance Smart Chain (BSC), will not be supported for IMX.

With IMX’s inclusion on Upbit, traders can diversify their portfolios and access a wide array of trading opportunities within the KRW market, enhancing their crypto trading experience.

The upcoming launch of IMX marks another milestone in the crypto industry, as it reflects Upbit’s ongoing efforts to expand its offerings and cater to the growing demand for digital assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

BlockDAG’s $20M Surge in 48 Hrs Powers It Towards $600M, as Ethereum Faces Resistance and Cardano Shows Potential

Discover how BlockDAG is moving towards a $600M goal amidst Ethereum’s price challenges and Cardano’s…

17 minutes ago

Best Altcoins to Buy Ahead of December 2024: Turn $2K Into $429K, Don’t Miss Out on the Altcoin Boom of 2024!

Discover the best altcoins to buy ahead of December 2024. Qubetics presale skyrockets, Celestia gains…

2 hours ago

Miami Truck Driver’s Journey with Solana: Made Millions from a $15K Investment! Can BlockDAG Show Similar Growth?

Explore how a Miami trucker turned $15K into $94M through Solana, and his next focus…

2 hours ago

Transparency vs. Decentralization: A Closer Look at Rollblock & BlockDAG Presales

Learn about BlockDAG’s $150M presale success & sustainable blockchain model versus Rollblock’s rise in online…

5 hours ago

BlockDAG’s Innovative Low-Code, No-Code Tech is Redefining the Meme Coin Market – is it the Next Hub for Meme Coin Developers? 

Assess December 2024's prominent meme coins: Dogecoin (DOGE), Pepe (PEPE), & Peanut (PNUT). Learn about…

6 hours ago

Best Cryptos for Significant Gains: Qubetics Completes 3,500 Buyers as Near Protocol and Toncoin Test Resistance Levels

Explore the best cryptos for significant gains! Qubetics presale soars past $2.7M, while NEAR and…

8 hours ago

This website uses cookies.