George Miller
Upbit, South Korea’s top cryptocurrency exchange, has revealed the addition of three new cryptocurrencies: Puffer protocol (PUFFER), Swell Network (SWELL), and Render Token (RENDER).
According to the announcement, these tokens will be accessible for trading against BTC, USDT, and KRW.
Listing of PUFFER and SWELL on BTC/USDT
Trading for PUFFER and SWELL will commence at 15:00 (KST) on December 5th, with deposit and withdrawal capabilities beginning shortly after this notice.
Puffer(PUFFER), Swell Network(SWELL) Market Support
Supported Market: BTC, USDT Market
Trading opens at: 2024-12-05 15:00 KST (estimated time)Discover more:https://t.co/ddYJlsvTz9#Upbit #PUFFER #SWELL pic.twitter.com/uBb7D269Ie
— Upbit Korea (@Official_Upbit) December 5, 2024
Crypto users should note that there will be a temporary waiver on withdrawal fees for the first 24 hours post-deposit initiation, after which standard fees will apply.
Deposits must be done through the correct Ethereum network to prevent irreversible errors. The announcement also mentions that trading will include restrictions such as a 5-minute hold on buy orders and limitations on the minimum sell price.
The previous day’s closing prices for PUFFER and SWELL were 0.00000604 BTC / 0.597 USDT and 0.00000047 BTC / 0.04615 USDT, respectively.
RENDER Available on KRW/USDT Market
Trading for RENDER will begin at 13:00 (KST) on December 5th, and only limit orders will be permitted for the first hour following the start.
신규 디지털 자산 렌더토큰(RENDER) 거래지원 안내
지원 마켓: KRW, USDT 마켓
거래지원 개시 시점: 2024-12-05 13:00 예정공지 바로가기:https://t.co/dK7c9b4EXn#Upbit #RENDER @rendernetwork pic.twitter.com/Mv6JSa9QDg
— Upbit Korea (@Official_Upbit) December 5, 2024
Initial trading for RENDER includes a delay of 5 minutes on buy orders and a 10% minimum on sell prices. It’s important to note that transactions will be supported only on the Solana network.
Based on the notice, RENDER’s closing price previously stood at 0.00008872 BTC.
Key Points on Deposits and Withdrawals:
- Refund processes for non-returnable deposits may face delays.
- Large deposits lacking clear origins might necessitate proof of source as per regulations.
- Deposits and withdrawals can only occur with wallet addresses that have been verified for ownership, and deposits made through linked wallets might require processing returns based on the asset’s network.
Surge in RENDER, PUFFER, SWELL Prices
Following the announcement, SWELL’s price jumped to $0.04792, marking a 20.60% increase and a considerable rise in its 24-hour trading volume by 255%, hitting $211.79 million. PUFFER saw an increase of 22.65% in 24 hours, now priced at $0.7147, with its market volume rising 95.20% to $235.41 million. RENDER also exhibited significant growth, trading at $9.72 after a 9% increase, with market volume escalating by 227.62% to $4.12 billion.