South Korea-based cryptocurrency exchange Upbit has decided to list another digital asset. According to the exchange’s statement, the Spark ($SPK) token will be available for trading against the Korean won (KRW) starting April 23rd at 12:00 PM. The asset will be supported on the Ethereum network.
The warning issued to users emphasized the critical importance of correctly selecting the network before making deposits. It stated that transfers made outside the specified network would not be supported and the processing time might be lengthy. Furthermore, it was noted that transactions might not begin on the planned date if sufficient liquidity is not available.
Upbit will implement the standard restrictions it applies to new listings for the Capital Markets Board ($SPK) as well. Accordingly, buy orders will be restricted for the first five minutes after the opening of trading. During the same period, sell orders below 10% of the previous day’s closing price will not be allowed. In addition, only limit orders will be available for the first two hours.
The Capital Markets Board ($SPK) announced that the previous day’s closing price on the $BTC market was 0.00000049 $BTC, approximately 57 Korean won. Users were also reminded to carefully check their wallet addresses and contract information.
The Spark project aims to provide decentralized finance infrastructure within the Sky Protocol ecosystem. The platform offers services such as savings, lending, and liquidity distribution, while the $SPK token is used for governance and staking purposes. This listing is expected to expand Upbit’s product range and offer new opportunities to investors.
*This is not investment advice.
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