Upbit, one of the leading global digital asset exchanges, has announced the addition of UXLINK (UXLINK) to its trading platform. UXLINK will be available for trading in KRW, BTC, and USDT markets.
To celebrate the launch, Upbit will offer free withdrawal fees for UXLINK for the first 24 hours following the commencement of deposits and withdrawals. After this period, standard fees will apply. Upbit reminds users to carefully verify the network before making deposits, as only transactions on the UXLINK-Arbitrum One network will be supported. Transactions made through other networks will not be processed.
Trading Restrictions and Guidelines
Upbit has outlined specific restrictions during the initial trading period to ensure a smooth launch:
- Buy Order Restrictions: Buy orders will be restricted for approximately 5 minutes after trading begins.
- Sell Order Restrictions: Selling orders at prices more than 10% below the previous day’s closing price will be restricted for 5 minutes after trading begins.
- Market and Limit Orders: Market and limit orders will be restricted for one hour after trading begins.
Users are encouraged to refer to the previous day’s closing prices and recent market data, provided by Upbit, to make informed trading decisions.
Deposit Guidelines
Upbit has provided detailed guidelines to ensure smooth deposits:
- Deposits must be made exclusively through the UXLINK-Arbitrum One network.
- Deposits from exchanges not included in the list of compliant virtual asset businesses may require additional review before being reflected in user accounts.
- Deposits and withdrawals are only possible from personal wallets that have undergone ownership verification. Deposits from unverified or incompatible wallets may be returned.
- Large deposits of digital assets with unclear origins may require users to provide additional information about the source of funds, as stipulated in Upbit’s terms and conditions.
About UXLINK
UXLINK is designed to build a user-driven Web3 social platform that ensures users have full ownership and privacy over their data, identity, and social connections. UXLINK aims to bridge Web2 and Web3, overcoming the limitations of traditional social platforms. It offers various decentralized applications (dApps) and services for users, as well as APIs and SDKs for developers to leverage social data. Users can easily create UXLINK accounts using existing social media accounts like Telegram and invite friends to join the platform. The UXLINK digital asset will be used for payments and governance within the platform.
For more information, visit the official UXLINK website, follow their updates on X (formerly Twitter), or consult the official UXLINK whitepaper.
