Upbit Unveils Listing of SUI Token on KRW and BTC Markets

  • SUI will be available on Upbit’s KRW and BTC markets as per the details.
  • Upbit also warned about the fluctuating nature of SUI currently, as it is still being listed on exchanges.

Upbit has announced the listing of the SUI token for the KRW and BTC markets. The exchange also mentioned that, currently, only mainnet deposits are allowed. Deposits from networks, including BSC, are not supported at present.

The exchange has declared that regardless of whether the value of the deposited tokens exceeds KRW 1 million, the travel rule will apply to all SUI deposits made before SUI is registered on CoinMarketCap. Additionally, the exchange mentioned that information about SUI deposit and withdrawal procedures will be provided through a notice after evaluating the network situation.

Upbit also asked users to keep in mind some of the limitations. These include the restrictions on buy orders during the first 5 minutes of trading. The exchange mentioned that the price during the initial 5-minute trading period, when the sale order restriction is in place, will be announced in a subsequent notice and will reflect the market price of other exchanges at a later time. Additionally, market orders for Buy/Sell and reservations for Buy/Sell orders will be restricted for approximately one hour after market support.

Upbit has also cautioned the users that they will be able to deposit and withdraw assets from a personal wallet address that has undergone a self-verification process.

SUI (IOU) is currently listed on CoinMarketCap, and its current price stands at $2.51. According to the data, SUI is available to trade on BitForex, Hotbit, DigiFinex, and SuperEx. The price has touched a high of $3.19 in the last 24 hours. The SUI token also has an initial circulation of 528,273,717 SUI, out of its total supply of 10,000,000,000.

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