Upbit will list 9 digital assets across its Bitcoin (BTC) and Tether (USDT) markets on June 19, adding Lido DAO (LDO), PAX Gold (PAXG), Morpho (MORPHO), and six others in a staggered rollout spanning four hours.
The South Korean exchange will open trading in hourly windows from 3 PM to 7 PM Korea Standard Time (KST).
Upbit Listing Brings 9 New Altcoins to BTC and USDT Markets
The sequence begins with PEAQ and LIT at 3 PM KST. Kamino Finance (KMNO) and Morpho (MORPHO) follow at 4 PM. Gram (GRAM), which recently rebranded from Toncoin, opens at 5 PM.
LDO and PAXG begin at 6 PM. Osmosis (OSMO) and AMP close the rollout at 7 PM. Each token will gain both BTC and USDT pairs, except Amp (AMP), which will trade only against USDT.
The exchange said that the deposits will open within three hours of the notice. Upbit will apply short-term trading restrictions.
For the first five minutes after trading opens, traders will not be able to place buy orders, and sell orders priced more than 10% below the previous day’s closing value will be blocked.
Additionally, the exchange will permit only limit orders for approximately two hours after trading support begins.
“Deposits and withdrawals are supported only on the specified networks. Deposits sent through unsupported networks may not be recoverable and can require lengthy return procedures,” Upbit said.
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Tokens Diverge as Market Weakens
The altcoins all saw modest gains following the announcement, but some fell quickly after. PEAQ was up 21.90% at press time, by far the strongest move among the nine. KMNO added 2.79%.
OSMO rose 1.74%, while LDO gained 1.07%. AMP and MORPHO edged up 0.76% and 0.65%, respectively. The rest of the two tokens fell. GRAM was down 2.75%, the weakest performer. LIT slipped 1.68%.
The uneven reaction follows days of pressure across the digital asset market. Bitcoin and the broader crypto market have fallen as macroeconomic fears weigh on risk appetite.
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The post Upbit Listing Announcement Triggers Price Swings Across 9 Altcoins appeared first on BeInCrypto.
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