Upbit, the global standard digital asset exchange, has announced an update to its trading support, focusing on enhancing the provision of virtual asset information. This initiative aligns with the implementation of best practices for virtual asset trading support.
Virtual asset prices and information will be available before the start of trading support. Investors can access crucial information in the virtual asset information tab, including original texts or links to significant documents like white papers, main content descriptions in Korean, and essential information related to issuance, disclosure, and security.
Upbit has outlined the trading support details for PENDLE in the KRW and BTC markets. The trading support is scheduled to start at 18:00 on August 6. Deposits and withdrawals through the Ethereum network will begin within two hours from the notice posting.
Deposit and Withdrawal Guidelines
Upbit emphasizes the importance of checking the network before depositing digital assets, as deposits and withdrawals through networks other than the announced ones are not supported. For the first 24 hours after the start of deposits and withdrawals, PENDLE withdrawal fees will be waived. After this period, standard fees will apply.
To ensure market stability, Upbit has implemented several trading restrictions for PENDLE. Buy orders will be restricted for approximately five minutes after trading support begins. Additionally, sell orders at prices less than 10% of the previous day’s closing price will be restricted for the same duration. Market price and reservation orders will be restricted for about one hour following the start of trading support.
According to the firm’s report, deposits and withdrawals for PENDLE are only supported through the Ethereum network. Deposits made through networks not guided by Upbit may take a long time to be returned. To comply with the Travel Rule, deposits from non-eligible exchanges require a separate review. Additionally, only personal wallet addresses that have completed ‘ownership verification’ are eligible for deposits and withdrawals.
