South Korea’s leading cryptocurrency exchange, Upbit, has announced the listing of a new altcoin. Starting today, users can buy and sell “cat in a dogs world” (MEW) on the Upbit platform. In South Korea, altcoin trading often surpasses local Bitcoin (BTC) and Ethereum (ETH) trading volumes, making this new addition highly anticipated.
Upbit Announces New Altcoin: Cat in a Dogs World (MEW)
Earlier this morning, Upbit revealed that MEW, a new altcoin, will be available for trading on the platform. According to Upbit’s official announcement, MEW trading will begin at 23:00 KST, offering new opportunities for local investors and traders.
Trading Details and Blockchain Compatibility
Upbit clarified that all MEW transactions will only be conducted on the Solana (SOL) blockchain network. The exchange advised users to avoid using any blockchain networks other than Solana to prevent transaction issues. This important information ensures a smooth and efficient trading experience for all users.
Market Impact and Reactions
Following Upbit’s announcement, the price of MEW saw a notable increase. Prior to the listing, MEW was trading at approximately $0.0046. After the announcement, the price surged by around 25%, briefly reaching $0.005739. This swift market reaction highlights the significant interest and positive sentiment within the trading community surrounding this new listing.
Trading Pairs and Options
Although Upbit users won’t be able to trade MEW directly with Korean Won (KRW), they will have the option to trade using Bitcoin (BTC) or Tether (USDT). As a result, Upbit has opened the MEW/BTC and MEW/USDT trading pairs, allowing users to employ various trading strategies.
The listing of Cat in a Dogs World (MEW) on Upbit reflects the exchange’s proactive approach in capitalizing on emerging market trends. As Upbit continues to expand its altcoin portfolio, traders can look forward to more diverse investment opportunities. The rapid market response to the MEW listing underscores the dynamic and fast-paced nature of crypto trading, particularly in the lively South Korean market. Stay tuned for more updates as the crypto world continues to evolve.
Upbit, MEW altcoin, Solana blockchain, cryptocurrency trading, South Korea
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