Upbit exchange – the largest cryptocurrency platform in South Korea – has just announced the listing of Story (IP), the native token of the Story Protocol. This information has caused the price of IP to rise to the sky by double digits and has made it the top trending coin on CoinGecko.
IP will be traded with KRW, BTC, and USDT, starting from 13:00 ( Korean time ). Deposits/withdrawals are only supported through the IP-Story network and will open within 90 minutes after the announcement. Upbit warns users to check the correct network before trading.
To stabilize the market, the exchange applies limits: buy orders are limited to the first 5 minutes, sell orders lower than 10% of the previous day’s closing price will be blocked, and only limit orders are allowed in the first 2 hours. Additionally, according to the Travel Rule, assets sent from the exchange may be subject to rejection and delayed refunds.
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