UPbit, the popular Korean cryptocurrency exchange, recently announced the listing of seven fan tokens. This is the first time the platform has added fan tokens since 2020.
Covering 80% of the Korean crypto market share, UPbit has listed these tokens on the platform – $AFC, $ACM, $BAR, $ATM, $NAP, $CITY, and $INTER. Given the sheer popularity of the platform, many crypto users are keeping a regular check on the UPbit exchange review to learn about it.
According to the official post by UPbit, the support for these tokens has already started. The platform has informed users to stay cautious as the listing is expected to fluctuate the tokens’ value.
Besides this, the exchange highlighted a list of notes to help users stay safe during the listing. The change in the crypto deposit or withdrawal method can cause discrepancies, so users are asked to check the deposit reflection.
In addition, users should check if their account is added to the list of withdrawals and deposits before concluding a deposit. The deposit support for the newly listed tokens is already available on the exchange.
However, these tokens only support deposits across the CHZ chain. Thus, any deposit via alternative networks, like Binance Smart Chain and ERC-20, is not supported. UPbit has also asked users to check the buy orders right after new digital assets are added.
Currently, the platform has restricted these tokens’ sell orders to -10% or lower than the previous day’s closing price. To check the tokens’ previous day prices, users should only refer to reliable sources, like CoinMarketCap.
Ever since the crypto exchange announced the listing, many new users have started using the platform. The listing is expected to boost the market value of the tokens as well.