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South Korea’s largest crypto exchange Upbit, listed MINA. This development has led to a significant increase in the Korean won pair of MINA while at the same time, the price of MINA on the Far East-based OKEx exchange is found at nearly 30% higher level compared to Binance. We can also say that this situation provides some investors with the opportunity of arbitrage.
MINA, is the main blockchain network designed to maintain a fixed block size regardless of the increased usage. Mina blockchain allows block creation by validating the entire history of the transactions using only compressed zk-SNARK proofs. Thanks to this method, nodes can reduce their data capacities by participating in the blockchain network without limitations on hardware capacities.
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South Korean crypto investors this time, they moved the rising trend from Bitcoin to Mina. Known to increase the value of various altcoins in South Korea, the exchange chose Mina as the star of the night and increased its value by more than 80% with the listing news, raising its price above $0.86.
The listing of this altcoin by the Upbit exchange lies behind the rise of MINA. Upbit began offering MINA to its users in the Korean won pair.
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