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South Korea’s largest cryptocurrency exchange Upbit announced that it has listed a new altcoin, UXLINK. Upbit, where Bitcoin (BTC) and Ethereum (ETH) transactions lag behind altcoin volumes, drew attention with this new listing.
UXLINK Listing Announcement
According to the statement made on Upbit’s official website on September 3, UXLINK will be listed on the exchange on September 3 at 16:00 TSI. With this listing, deposits for UXLINK will only be made via the Arbitrum One network. Upbit also warned its users that transfers should not be made from other networks.
Users will be able to trade these trading pairs on the Upbit listing:
- UXLINK/BTC
- UXLINK/USDT
- UXLINK/KRW (South Korean Won)
UXLINK Price Increased Nearly 100 Percent After Upbit Listing
Following this announcement by Upbit, the price of the UXLINK coin experienced a rapid increase. According to CoinGecko data, UXLINK increased by 88% in the 10 minutes after the announcement. The value of the cryptocurrency, which was at $0.148 before the announcement, increased to $0.4 and is currently trading at $0.32.
This sudden price increase once again revealed the impact of Upbit’s listing announcement on investors and how new listings can affect the prices of cryptocurrencies.
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