Exchange Announcement

[Upbit] Magic Eden (ME) New Trading Support Announcement (KRW, BTC, USDT Market)

Source
Exchange Announcement Bot

Summary

  • Magic Eden (ME) has announced that trading will be possible in the KRW, BTC, USDT markets through new trading support.
  • They plan to announce the support time 1 hour in advance after sufficient liquidity is secured within the exchange.
  • ME is expected to be used for governance, staking, and user reward means.

Hello. This is Upbit, the most trusted global standard digital asset exchange.

We are pleased to announce new digital asset trading support as follows.

Magic Eden (ME) is the first globally supported trading, and it is expected that it will take some time to secure sufficient liquidity for stable trading. Therefore, Upbit will provide additional guidance on the trading support time through this announcement 1 hour before the trading support time once sufficient liquidity is secured within the exchange.

| Digital Asset | Market | Network | Deposit/Withdrawal Start Time | Trading Support Start Time |

|----------|----------------|--------|----------------|------------|

| Magic Eden (ME) | KRW, BTC, USDT | Solana | Scheduled for December 10th, 23:00 | To be announced later |

  • Magic Eden (ME) supports deposits and withdrawals through the Solana network. * Please note that all ME deposits before the reference price is registered on CoinMarketCap or before the Upbit ME trading support time are subject to Travel Rule verification, regardless of whether the converted amount exceeds 1 million KRW. * Please be sure to check the network before depositing digital assets. Deposits and withdrawals through networks other than the announced network are not supported. ### ※ Trading Restrictions Notice - Buy Restriction: Buy orders will be restricted for about 5 minutes after trading support. - Minimum Sell Restriction: The reference price for the minimum sell restriction will be announced through an additional notice 1 hour before trading support. - Order Type Restriction: All types of orders except limit orders will be restricted for about 1 hour after trading support. ### ※ Deposit Precautions Deposits that cannot be reflected may take a long time to return, so please check the precautions carefully - Only deposits and withdrawals through the announced network (ME-Solana) are supported. Please check the network before depositing. - To comply with the Travel Rule, if assets are deposited to Upbit through an exchange not included in the List of Virtual Asset Service Providers, they cannot be reflected, and deposits that cannot be reflected may take a long time to return. - Deposits and withdrawals are only possible with a personal wallet address verified as 'owned by you', and even if it is a deposit through a linked personal wallet, it may need to be returned depending on the network of the asset. - If a large amount of digital assets with unclear sources is deposited, a statement of the source of funds may be requested. (Terms of Use Article 17, Paragraph 8) ### ※ Additional Digital Asset ~~ME (Magic Eden)~~ > The virtual asset ME is a token launched to promote the growth of the Magic Eden platform and community, widely known as an NFT marketplace. Magic Eden, which started as an NFT marketplace in September 2021, currently supports NFT trading based on various blockchain networks such as Ethereum, Bitcoin, Solana, Polygon, and Base on its own platform. Magic Eden aims to become a consumer app that allows trading of various types of assets on all chains on a single platform, helping anyone easily onboard into the crypto industry. The virtual asset ME is used within the Magic Eden platform for governance, staking, and user reward means. > Homepage: Magic Eden Official Homepage > X (formerly Twitter): Magic Eden Official X > Whitepaper: Magic Eden Official Whitepaper ✽ If the digital asset is not displayed on the PC, please refresh (F5) and check again. ✽ If the digital asset is not displayed on the Upbit App, please click More > Screen Settings > Retrieve Coin Information and check again.

Investment Risk Notice

• Digital asset investments can be exposed to rapid price fluctuations due to speculative demand and changes in domestic and international regulatory environments. The responsibility for investment decisions in this digital asset lies with the individual, and any potential losses are also attributed to the investor. Please carefully refer to the project homepage and disclosure materials to fully understand the characteristics of digital assets and trade cautiously.

• Due to the nature of digital asset trading, price differences between domestic and international exchanges are continuously occurring. Please be sure to pay attention to the price differences with global exchanges before investing in digital assets.

• Upbit is taking various measures such as minimum order amount restrictions to create a stable trading environment, but due to the overheated investment environment, some members may be exposed to order stabilization messages. This is an unavoidable measure to process orders from members who ordered first and to provide stable services, so please be aware of this.

※ Virtual assets are high-risk products and may result in the loss of all or part of the investment.

*This information is automatically generated.

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