Ramazan Eles 
Upbit, South Korea’s largest cryptocurrency exchange, has announced the listing of a new altcoin.
Bounce (AUCTION) has been listed on Upbit, South Korea’s leading exchange, where Bitcoin (BTC) and Ethereum (ETH) trading volumes have been lagging behind altcoin volumes.
Upbit announced the listing of AUCTION at 10:00 AM KST today on its official website.
The exchange stated in its announcement that AUCTION deposit transactions will only be open for the Ethereum network. Upbit also warned that transfers from other networks should not be made.
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It was stated that AUCTION will be traded in South Korean Won (KRW) pairs, and after this listing, investors will be able to buy and sell AUCTION/KRW trading pairs.
According to CoinGecko data, AUCTION took off after the listing announcement. The AUCTION price soared 80% from $17.3 to $31.4. AUCTION, which has since pulled back slightly, is trading at $29.2.