- South Korea’s largest cryptocurrency exchange, Upbit, has announced the listing of two new altcoins.
- Bitcoin (BTC) and Ethereum (ETH) transactions have been lagging behind altcoin volumes on Upbit, leading to the listing of Zeta Chain (ZETA) and Omni Network (OMNI).
- Following the listing announcement, both altcoins experienced a significant price surge.
Upbit, South Korea’s leading cryptocurrency exchange, lists two new altcoins, Zeta Chain (ZETA) and Omni Network (OMNI), triggering a sharp price increase for both.
Upbit Announces Listing of ZETA and OMNI
Upbit, the largest cryptocurrency exchange in South Korea, has announced the listing of two new altcoins, Zeta Chain (ZETA) and Omni Network (OMNI). The announcement was made on the official website on May 3rd. ZETA was listed at 12:00 PM local time, and OMNI was listed at 1:00 PM.
Deposit Restrictions and Trading Pairs
In the announcement, Upbit stated that ZETA deposits would only be open on the ZETA network, and OMNI deposits would only be open on the Ethereum network. The exchange also warned against transfers from other networks. ZETA will be available for trading in Bitcoin, USDT, and South Korean Won (KRW) pairs, while OMNI will be available in Bitcoin and USDT pairs. Following the listing, investors will be able to trade in ZETA/BTC, ZETA/KRW, ZETA/USDT, OMNI/BTC, and OMNI/USDT pairs.
Price Surge Following Listing Announcement
According to data from CoinGecko, both altcoins experienced a sharp price increase following the listing announcement. ZETA’s price rose by 35% from $1.37 to $1.858, while OMNI’s price rose by 37% from $18 to $24.7. At the time of writing, ZETA is trading at $1.56, and OMNI is trading at $18.9.
Conclusion
The listing of ZETA and OMNI on Upbit, South Korea’s largest cryptocurrency exchange, has led to a significant price increase for both altcoins. This development underscores the impact of exchange listings on altcoin prices and the growing interest in altcoins in the South Korean market.
