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- South Korea’s largest cryptocurrency exchange, Upbit, has announced the listing of a new altcoin.
- While trading volumes for Bitcoin (BTC) and Ethereum (ETH) have been trailing behind altcoin volumes, Upbit is making strides with new listings, the latest being Aethir (ATH).
- In an official statement on its website dated August 14, Upbit confirmed that today at 09.00 KST, it would list PENDLE.
South Korea’s premier cryptocurrency exchange Upbit has announced it will list aethir (ATH), available for trading as of today.
Aethir (ATH) Listing on Upbit
Upbit’s announcement highlighted that deposits for ATH will be exclusively supported through the Ethereum network. The exchange strongly advised users against transferring funds via any other network. Following this listing, investors will be able to trade ATH in both South Korean Won (KRW) and Bitcoin (BTC) pairs, expanding the trading options available on the platform.
Market Impact and Price Fluctuations
According to CoinGecko data, the listing news induced a notable surge in ATH’s price. Initially trading at $0.0653, ATH experienced a substantial rise of 34.65%, reaching a peak of $0.088. However, the altcoin later saw a pullback, trading at around $0.0712. This volatility underscores the market’s sensitivity to listing news and the broader implications for investors.
Conclusion
Upbit’s addition of Aethir (ATH) highlights its ongoing commitment to diversifying asset offerings and meeting investor demand. The price movements following the announcement reflect both the opportunities and inherent risks in altcoin investments. Investors should remain vigilant and informed as the market continues to evolve.
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