Upbit, a leading global digital asset exchange, has unveiled an update to its trading capabilities aimed at improving the availability of virtual asset information. This initiative is part of its commitment to adhering to the highest standards in virtual asset trading support.
Prior to the commencement of trading support, users will have access to vital information regarding virtual asset prices and details. Investors can find essential resources within the virtual asset information tab, which includes original texts or links to important documents such as white papers, detailed content descriptions in Korean, and crucial information about issuance, disclosure, and security.
Upbit has announced that trading support for PENDLE will be available in both the KRW and BTC markets, starting at 18:00 on August 6. Users can expect deposits and withdrawals via the Ethereum network to begin within two hours following the official notice.
### Deposit and Withdrawal Guidelines
Upbit stresses the importance of verifying the network prior to depositing digital assets, as transactions through any networks not specified will not be supported. For the first 24 hours post-launch of deposits and withdrawals, PENDLE withdrawal fees will be waived. After this initial period, standard fees will apply.
To promote market stability, Upbit has introduced several trading restrictions for PENDLE. Buy orders will be limited for about five minutes following the start of trading support. Similarly, sell orders priced below 90% of the previous day’s closing price will also face restrictions for the same timeframe. Furthermore, market price and reservation orders will be limited for approximately one hour after trading support is activated.
According to the company’s report, deposits and withdrawals for PENDLE will only be facilitated through the Ethereum network. Any deposits made via unsupported networks may take considerable time to return. To comply with the Travel Rule, deposits from non-eligible exchanges will require a separate review process. Additionally, only personal wallet addresses that have successfully completed ‘ownership verification’ will qualify for deposits and withdrawals.