South Korea’s biggest crypto exchange, Upbit, is now offering trading support for a digital asset called DRIFT. DRIFT can be bought and sold using KRW, BTC, and USDT on the Solana network. Users can deposit and withdraw DRIFT within three hours of the announcement. Upbit is starting trading for DRIFT on November 8th, 2024, at 6 p.m.
KST. To make sure trading DRIFT is safe and stable, Upbit has set some rules. For the first 5 minutes, there will be a limit on how much DRIFT you can buy. If you want to sell DRIFT for less than 90% of the previous day’s closing price, you won’t be able to do it for about 5 minutes after trading starts.
For the first hour, only limit orders will be allowed, and other order types will be temporarily stopped. Upbit also reminded users that deposits and withdrawals for DRIFT are only supported through the DRIFT-Solana network. If you use an exchange that’s not allowed, you might have problems putting DRIFT into your account or getting your money back.
Lastly, only wallet addresses that have completed ‘ownership verification’ can deposit and withdraw DRIFT. If you try to deposit from a personal wallet that hasn’t been verified, your deposit might be returned. Upbit advises users to carefully read all the trading restrictions, especially for DRIFT trades within the first hour, to avoid problems and have a safe trading experience.
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<p>The post Upbit Launches DRIFT Trading Support on Solana Network Outlines Trading and Transaction Restrictions for Secure and Stable Trading Experience first appeared on CoinBuzzFeed.</p>
