Bitcoin exchange Upbit announced the listing of this altcoin for spot trading

The South Korean cryptocurrency exchange Upbit announced the addition of support for trading the cryptocurrency Internet Computer ($ICP). According to the exchange’s statement, $ICP will be listed on the platform in trading pairs with the Korean won (KRW), Bitcoin ($BTC), and $USDT.

According to the information provided by the exchange, deposit and withdrawal operations for $ICP will begin within 1 hour and 30 minutes after the announcement is published.
Trading for $ICP is scheduled to start on March 11 at 17:00. Officials also stated that the trading start time may be delayed if sufficient liquidity is not secured.

Upbit also announced the introduction of certain trading restrictions for newly listed assets.

Accordingly:

• placing buy orders will not be possible during approximately the first five minutes after trading begins at the support level;
• during the same period, investors will not be able to place sell orders at levels more than 10% below the previous day’s closing price;
• additionally, only limit orders will be allowed during the first two hours.

According to the data provided, the previous day’s closing price of $ICP was 3,707 South Korean won, and as of 14:30 on March 11 the price was approximately 3,497 won.

During the same period, the asset was trading at approximately:

• 0.000034 $BTC
• 2.37 $USDT

The Internet Computer Protocol ($ICP) is known as a decentralized cloud computing platform designed to create an alternative to traditional cloud infrastructure.

The project aims to allow web applications, databases, APIs, and backend services to run directly on the blockchain.

The $ICP token serves as the native cryptocurrency of the network and is used for:

• participation in governance mechanisms;
• staking;
• paying transaction fees;
• various other purposes within the ecosystem.

The Upbit listing is expected to increase the liquidity of $ICP and expand its presence in the Asian market.

See also: "Kraken’s tokenized stock platform launches a points reward program"

#Upbit

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