Upbit, the largest cryptocurrency exchange in South Korea, has unveiled the listing of a new altcoin.
As the trading volumes of altcoins continue to surpass those of Bitcoin (BTC) and Ethereum (ETH) on Upbit, the exchange has added the world’s second-largest stablecoin, USD Coin (USDC), to its platform.
In an effort to diversify investment options, Upbit made an official announcement on August 30, revealing that USDC was listed at 7:00 AM KST today.
According to the exchange’s statement, deposits for USDC will be supported exclusively through the Ethereum network. Upbit also issued a warning against transferring USDC through other networks.
Following the listing, USDC will be available for trading in pairs with Bitcoin (BTC), Tether (USDT), and the South Korean Won (KRW). Investors can now trade using the USDC/BTC, USDC/USDT, and USDC/KRW pairs.
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