Bitcoin Exchange Upbit Announces New Listing! Here Are the Details

South Korea-based cryptocurrency exchange Upbit has announced it will list another digital asset. According to the official announcement, PIEVERSE (PIEVERSE) will be available for trading on the platform with KRW, BTC, and USDT trading pairs. The token will be supported on the Ethereum network.

According to the announcement, deposit and withdrawal operations for PIEVERSE will open approximately 1 hour and 30 minutes after the announcement is published.

Trading support is scheduled to begin on April 20th at 4:00 PM. However, the exchange stated that the start time of trading may be postponed if sufficient liquidity cannot be provided.

Upbit will implement some restrictions at the start of trading to ensure user security. Accordingly, buy orders will be restricted for the first 5 minutes after trading opens.

During the same period, sell orders below 10 percent of the previous day’s closing price will also not be allowed. Furthermore, only limit orders will be available for the first two hours.

According to PIEVERSE’s latest price data, as of April 20th at 13:30, the token’s price is 1,874 KRW.

The project aims to reshape the payment infrastructure within the Web3 ecosystem. PIEVERSE seeks to offer an “agent-native” payment system encompassing transactions between humans, artificial intelligence, and machines.

The platform, which aims to eliminate gas fees, plans to establish a compliance-focused structure with timestamped and auditable transactions. The token will be used in staking, governance, and reward mechanisms.

*This is not investment advice.

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