Upbit, one of South Korea’s largest cryptocurrency exchanges, is launching a list of Filecoin (FIL) in the KRW market, expanding its trading options for users.
Upbit adds Filecoin(in) to the KRW market
FIL/KRW trading begins at 16:30 on April 4th, with certain trading restrictions in place to ensure stable market openings.
Trading guidelines and restrictions
- First trade restrictions:
- Purchase Limitations: You cannot place a purchase order for the first 5 minutes after the transaction begins.
- Minimum Sales Price Limit: Sales orders 10% below the previous day’s closing price will be limited for the first five minutes.
- Order Type Limits: Only limit orders can be used for the first hour after trading begins.
Users are advised to verify their network before depositing their funds. Deposits made from unauthorized exchanges require additional verification and may result in delays. Large transactions may require proof of funding under Upbit’s terms of service.
What is filecoin(in)?
FileCoin is a distributed storage network built on an interplanetary file system (IPFS) that allows users to rent or purchase storage using FIL tokens. The system is intended to provide a secure and efficient alternative to traditional cloud storage services.
Investment risk warning
Upbit reminds investors that digital asset trading is subject to high volatility and regulatory changes. Users should conduct a thorough research and pay attention to differences in price across global exchanges before investing.
*This is not investment advice.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
