Upbit announced today that it will list TAIKO on KRW, BTC, and USDT markets. TAIKO will be accessible for trading with Ethereum and support multi-chain deposits and withdrawals through its networks. This listing aims to increase accessibility and flexibility for users interested in cryptocurrency transactions.
TAIKO to Launch Soon
The cryptocurrency TAIKO, listed by Upbit, is about to launch. The price is not yet determined. Upbit advised users to verify network compatibility before initiating deposit transactions for smooth operations.
Upbit will support deposits and withdrawals only through specified networks (TAIKO-Taiko and TAIKO-Ethereum). Transactions sent through unsupported networks will not be supported, and Upbit warned of a potentially lengthy review process for possible refunds.
Upbit’s Actions During This Process
With the start of trading support, Upbit will implement trading limits to effectively manage market volatility. Buy orders will be temporarily restricted for about 5 minutes. Additionally, sell orders priced at -10% or lower compared to the reference price will face a 5-minute restriction. Market and pending orders will be subject to a one-hour restriction after trading begins.
Upbit stated that strict security measures are followed for deposit transactions. Only ‘verified’ wallet addresses will be eligible for deposit and withdrawal transactions. If inconsistencies arise regarding the asset’s network source, deposit transactions will be canceled.
