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Leading global digital asset exchange Upbit has announced the listing of Wormhole (W) in KRW, BTC, and USDT markets. Trading support for Wormhole will begin on October 2nd at 19:00 KST, with deposits opening three hours earlier on the Solana network.
Upbit to Support Wormhole (W) Trading in KRW, BTC, and USDT Markets
Details for Wormhole (W) trading are as follows:
- Market pairs: KRW, BTC, USDT
- Network: Solana
- Deposit opening: Three hours before trading starts
- Trading start time: October 2nd, 19:00 KST
Temporary Trading Restrictions for a Smooth Launch
To ensure a seamless launch, Upbit has implemented temporary trading restrictions:
- Buy order limitation: No buy orders will be processed during the first five minutes of trading.
- Sell order limitation: No sell orders will be processed if they are 10% below the previous day’s closing price for the first five minutes.
- Market and limit orders: Both market and limit orders will be restricted for one hour after trading starts.
- Prices will be based on data from CoinMarketCap.
What is Wormhole?
Wormhole is a messaging protocol designed to connect different blockchains. It uses a Guardian Network for off-chain message transmission and verification. The Wormhole token (W) serves governance and staking purposes.
Developers can also utilize Wormhole Connect, a widget that integrates Wormhole functionality into web applications and benefits decentralized exchanges.
