Upbit to Kaito on the market KRW, BTC and USDT markets
Upbit, the largest encrypted currency exchange in South Korea, is scheduled to launch the Kaito code. Trading pairs will be available in Korean Won (KRW), BTC and Tether (USDT), with trading start at 3:00 pm (KST) on March 5.
Upbit is allowed to trade from Kaito from today
Market Support Kaito (Kaito)
✅ Supported Markets: KRW, BTC, USDT Market
📅 Trading opens on: 2025-03-05 15:00 KST estimatedMore discovery:https://t.co/udlqbgxcxv#Upbit #kaitoKaitoai pic.twitter.com/m4lhuodyga
Upbit Korea (Official_upit) March 5, 2025
According to the official statement, Upbit will provide additional details regarding the exact time to support transactions once adequate liquidity on the platform. The deposits and clouds of Kaito will be facilitated exclusively through the basic network. Crypto Exchange advised users to confirm the network before making any deposits, as transactions will not be processed through non -subsidized networks.
Upbit reported that from 11:40 am (KST) on March 5, the Kaito price fell from the closing price the previous day of 2,264.68 KRW to 2,163.08 KRW. In terms of Bitcoin, it decreased from 0.00001844 BTC to 0.00001702 BTC, and in USDT, it decreased from 1.55 USDT to 1.48 USDT.
As part of the APBIT standard process, some commercial restrictions for keto trading will be performed to ensure a safe and smooth market:
- Buying orders: will be restricted for the first 5 minutes after starting trading.
- The minimum selling price: The minimum selling price for Kaito will be limited, while providing specific details before launch.
- Types of requests: The limit orders will only be supported during the first hour after the start of trading. Other types of requests will be restricted.
Note that Kaito’s deposits and clouds will only be supported through the Kaito-Base. Deposits will not be reflected in the non -listed stock exchanges among the APBIT virtual asset operators in the user account and it may take time for processing.
After this announcement, Kaito has now seen an increase and trading at $ 1.83, which reflects 17.76 % growth over the past 24 hours. The project market size reached 444.51 million dollars, with the market volume increased 24 hours by 29 % to 620.23 million dollars.
Also read: Upbit to launch Trading for Solayer ($ Layer) for KRW, BTC, USDT PAIRS today