- South Korea’s leading cryptocurrency exchange, Upbit, has announced the listing of a new altcoin.
- As of today, users will be able to trade cat in a dogs world (MEW) on the Upbit platform.
- South Korea’s notable participation in altcoin trading often overshadows Bitcoin (BTC) and Ethereum (ETH) trading volumes locally.
Discover the latest addition to Upbit’s altcoin offerings: cat in a dogs world (MEW). Get insights on trading opportunities and market reactions.
Upbit Announces New Altcoin Listing: Cat in a Dogs World (MEW)
This morning, Upbit, South Korea’s largest cryptocurrency exchange, made a significant announcement regarding the listing of a new altcoin, cat in a dogs world (MEW). According to Upbit’s official announcement, trading for MEW will commence at 23:00 KST, providing new opportunities for local traders and investors.
Trading Specifics and Blockchain Compatibility
The exchange clarified that MEW transactions would be exclusively conducted on the Solana (SOL) blockchain. Users are advised to avoid using any blockchain network other than Solana to prevent transactional issues. This critical information aims to ensure smooth and efficient trading experiences for all users.
Market Impact and Reaction
Following Upbit’s announcement, the price of MEW witnessed a notable surge. Before the announcement, MEW was trading at approximately $0.0046. Post-announcement, MEW’s price escalated by nearly 25%, reaching a temporary peak of $0.005739. This immediate market reaction highlights the trading community’s keen interest and positive sentiment towards the new listing.
Trading Pairs and Options
While Upbit users cannot trade MEW directly with South Korean won, they have the option to use Bitcoin (BTC) or Tether (USDT) for trading. Consequently, Upbit will open MEW/BTC and MEW/USDT trading pairs, broadening the scope for its users to engage in diverse trading strategies.
Conclusion
The inclusion of cat in a dogs world (MEW) on Upbit reflects the exchange’s proactive approach to capitalizing on emerging market trends. As Upbit continues to expand its altcoin portfolio, traders can anticipate more diversified investment opportunities. The swift market response to the MEW listing underscores the dynamic and fast-paced nature of cryptocurrency trading, especially within the vibrant South Korean market. Keep an eye on further developments as the crypto landscape evolves.
