South Korea’s leading crypto exchange, Upbit, has announced the listing of Movement token MOVE, across KRW, BTC, and USDT markets. The token’s trading and deposit support begins on December 9th, 2024, with deposits beginning from 20:00 PM KST and trading support starting at 9:00 PM KST(subject to potential changes).
신규 디지털 자산 무브먼트(MOVE) 거래지원 안내
✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점: 2024-12-09 21:00 예정🔗 공지 바로가기:https://t.co/ZvdFuAAtjW#Upbit #MOVE pic.twitter.com/EokasCE2wh
— Upbit Korea (@Official_Upbit) December 9, 2024
Upbit listing MOVE tokens
According to the official announcement, MOVE will trade in KRW, BTC, and USDT pairs. MOVE is supported only on the Ethereum network for deposits and withdrawals, and any deposits made on other networks will lead to non-refundable errors.
As is the standard, buy orders for MOVE will be restricted for approximately 5 minutes after trading begins. The Minimum Sell Price for the token is set at $0.3325 USD (464.5 KRW, 0.0000033 BTC, or 0.3325 USDT), reflecting a 30% reduction from the previous day’s lowest OTC price. As per the notice, only limit orders will be supported for the first hour after trading begins.
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Upbit has also declared that deposits made before MOVE is listed on CoinMarketCap or before trading support begins may undergo verification under the Travel Rule if the deposit amount crosses 1 million KRW.
This MOVE listing marks the token’s first global trading support, and Upbit will provide updates in case of any changes to the timeline.
Movement is an Ethereum Layer 2 solution that supports both MoveVM and EVM transactions, and has a total supply of 10 billion MOVE tokens.
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Also Read: XRP Risks Fall Below $2 as Upbit Volume Hits $7B Amid South Korea Crash
