South Korea-based global cryptocurrency Exchange Upbit has announced that it will list Aerodrome Finance (Aero) on its spot trading platform.
Upbit launches new market support for Aerodrome Finance (AERO)
According to the statement, the aero will be listed in the KRW, BTC and USDT pair, with the transaction beginning at 11:30 on August 22nd.
Upbit said users can only deposit Aero through the base network and withdraw it.
Investors were warned that transfers made outside the designated network are not supported and the refund process may take time. Aero’s official contract address for Upbit was also shared, urging users to be vigilant about fake addresses.
The exchange has announced that some temporary restrictions will be in place during the opening of the transaction. Buy orders will be restricted for the first 5 minutes, and sales orders that fall 10% below the previous closing price will not be allowed during the same period. Additionally, only limited orders will be accepted for two hours after the support transaction begins.
Aero is a distributed exchange (DEX) project built on the Ethereum base layer-2 blockchain. With its liquidity incentive engine, a voting-based governance model and user-friendly design, the project aims to become an important liquidity hub within the basic ecosystem.
Aero tokens can be used for staking and governance purposes. Users can win aeros and give them a say in platform governance.
This move led Upbit to win Aerodrome Finance. This is one of the growing projects in the basic ecosystem and is accessible to global investors.
*This is not investment advice.
