South Korea-based cryptocurrency exchange Upbit has decided to list a new digital asset. According to a statement from the exchange, Spark ($SPK) tokens will be available for trading against the Korean Won (KRW) from April 23rd at 12pm. This asset is supported on the Ethereum network.
A warning issued to users emphasizes that it is extremely important to choose the network correctly before making a deposit. It states that transfers outside the specified network are not supported and may increase processing time. Additionally, note that if sufficient liquidity is not available, trading may not commence on the scheduled date.
Upbit introduces standard restrictions applicable to initial listings of the Capital Market Commission ($SPK) In the same way. In line with this, we will restrict buy orders for 5 minutes after the start of trading. During the same period, no sell orders are allowed below 10% of the previous day’s closing price. Also, for the first two hours, only limit orders will be accepted.
Capital Market Committee ($SPK) announced the previous day’s closing price. $BTC The market was 0.00000049 $BTCabout 57 Korean won. Users were also reminded to carefully check their wallet addresses and contract information.
The Spark project aims to provide a decentralized financial infrastructure within the Sky Protocol ecosystem. The platform provides services such as savings, loans, and liquidity distribution. $SPK Tokens are used for governance and staking purposes. The listing is expected to expand Upbit’s product range and provide new opportunities for investors.
*This is not investment advice.
