Upbit, South Korea’s largest cryptocurrency exchange, has announced the listing of two new altcoins, Zeta Chain (ZETA) and Omni Network (OMNI), triggering a significant surge in their prices.
With Bitcoin (BTC) and Ethereum (ETH) trading volumes lagging behind altcoins, Upbit, the dominant South Korean exchange, made the announcement on its official website on May 3rd, listing ZETA at 12:00 PM KST and OMNI at 1:00 PM KST.
According to the exchange’s announcement, ZETA deposits will only be possible through the ZETA network, while OMNI deposits will only be possible through the Ethereum network. Upbit also warned against transfers from other networks.
ZETA will be traded against Bitcoin, USDT, and South Korean Won (KRW), while OMNI will be traded against Bitcoin and USDT. Following the listings, investors will be able to trade on the ZETA/BTC, ZETA/KRW, ZETA/USDT, OMNI/BTC, and OMNI/USDT trading pairs.
According to CoinGecko data, the listing announcement sent the altcoins on a steep upward trajectory. ZETA’s price surged 35% from $1.37 to $1.858, while OMNI’s price jumped 37% from $18 to $24.7.
At the time of writing, ZETA is trading at $1.56 and OMNI is trading at $18.9.