Upbit, South Korea's largest crypto exchange, will list Monad (MON) with KRW, BTC, and USDT trading pairs on November 25, 2024, initiating at midnight Korean Standard Time.
The listing highlights Upbit's regulatory compliance and potential market impacts on liquidity and trading volume as Monad enters the competitive Layer-1 blockchain landscape.
Listing Details and Compliance
Upbit, South Korea's largest crypto exchange, will list Monad (MON) with trading pairs in KRW, BTC, and USDT. Trading opens at 00:00 KST on November 25, 2024. The exchange is ensuring strict compliance measures during this period.
Upbit and the Monad Team are key players in launching MON trading. Upbit maintains robust regulatory standards, while the Monad Team coordinates with the mainnet launch, ensuring monetary security for new traders.
Market Impact and Liquidity
The listing's immediate effect is expected to influence crypto trading volumes, particularly by attracting investor attention to MON. This introduction on Upbit can enhance liquidity and interest in the Asian markets. Trading pairs involved include KRW, BTC, and USDT.
The launch highlights monetary implications, with potential shifts in critical trading volumes and liquidity. Investor protections, including strict KYC and AML protocols, are emphasized to ensure security within South Korea's regulated market.
Exchange Operations and Investor Guidance
Trading for the Monad (MON) token will commence at 00:00 on November 25. Deposits must originate from the designated Monad network and only verified personal wallet transfers will be accepted. - Upbit Exchange Operations Team, Upbit
Historically, new listings like this have driven notable liquidity changes, as noted in previous Upbit launches. The expectancy is rapid trading and keen interest in Gartner's Layer-1 capabilities.
Predictive Insights and Market Dynamics
Predictive insights suggest potential financial growth due to the MON listing. Historical data from past Layer-1 asset listings indicate possible volatility in affiliated tokens and the broader effect on market dynamics.
