[Upbit] Magic Eden (ME) New Trading Support Announcement (KRW, BTC, USDT Market) (Extension of Sell Waiting Period)

Update Date: 2024-12-11 10:37

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

Due to an issue requiring additional confirmation in order-related settings, the buy restriction period has been extended by 5 minutes, and buy orders will open at 10:40.

We apologize for any inconvenience.

Update Date: 2024-12-11 09:30

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

We are pleased to announce the start time for trading support and the minimum sell price standard for Magic Eden (ME).

[ME Trading Support Start Time Announcement]

• Target Market: KRW-ME, BTC-ME, USDT-ME

• Trading Support Start Time: Scheduled for 2024-12-11 10:30 KST

*If there are changes to the trading support time, we will provide additional guidance through this notice.

*Please note that after the start of trading support, there may be price differences between other exchanges and Upbit depending on the support for deposits and withdrawals between exchanges.

[ME Minimum Sell Price Standard Announcement]

• ME Minimum Sell Price Standard Announcement

• KRW Market: 8,109.86 KRW

• BTC Market: 0.00005891 BTC

• USDT Market: 5.69 USDT

• For about 5 minutes after trading support, sell orders below -10% of the above standard price will be restricted.

*For other trading restrictions, please refer to the main text of the notice below.

Thank you.

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

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

Magic Eden (ME) is the first global trading support, and it is expected that a certain amount of time will be required to secure sufficient liquidity for stable trading. Therefore, Upbit will provide additional guidance on the trading support time through this notice 1 hour before the trading support time once sufficient liquidity is secured within the exchange.

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

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

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

• Magic Eden (ME) supports deposits and withdrawals through the Solana network. * 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 conversion amount exceeds 1 million KRW. Please note this. * 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 Restriction Notice - Buy Restriction: Buy orders are restricted for about 5 minutes after trading support. - Minimum Sell Price Restriction: The standard price for the minimum sell price restriction will be announced through an additional notice 1 hour before trading support. - Order Type Restriction: All types of orders except limit orders are restricted for about 1 hour after trading support. ### ※ Deposit Precautions Deposits that cannot reflect the precautions 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. - For the implementation of the Travel Rule, if assets are deposited into Upbit through exchanges 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 that has completed 'Ownership Verification', and even if it is a deposit through a linked personal wallet, it may be necessary to process the deposit return depending on the network of the asset. - In the case of large deposits of digital assets with unclear sources, an explanation 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 one 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 rewards. > 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 your PC, please refresh (F5) and check again. ✽ If the digital asset is not displayed on the Upbit App, please click More > Screen Settings > Refresh Coin Information and check again.

Investment Risk Warning

• 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 borne by 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 the orders of members who ordered first and to provide stable services, so please note 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.