Attention Investors! Upbit, Which Is Sending Prices Soaring, Has Only Three Memecoins to List!
Release: 2024/10/23 19:13 Reading: 755
Upbit's Memecoin Listing Options Narrowing
South Korea's largest cryptocurrency exchange, Upbit, has a strong track record of boosting altcoin prices upon listing.
According to DeSpread, Upbit recently listed a memecoin for two consecutive days, a unique occurrence.
Regulatory Restrictions
Due to regulations, Upbit can only list three memecoins: Pepecoin (PEPE), Bonk (BONK), and Brett (BRETT). This is because new memecoins must have been actively traded for at least two years prior to being eligible for listing in South Korea.
Criteria for Listing
South Korean regulations impose specific criteria on exchanges before they can list new memecoins, including a minimum two-year trading history.
Investor Protection
These regulations aim to protect investors from potential scams and price volatility associated with memecoins.
Note: This article does not constitute financial advice.
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