Exchange Announcement

[Upbit] Announcement of New Trading Support for Berachain (BERA) (KRW, BTC, USDT Market)

Source
Exchange Announcement Bot

Summary

  • Upbit announced that it will support trading of Berachain (BERA) in the KRW, BTC, and USDT markets.
  • Berachain uses its own consensus algorithm and provides Proof of Liquidity.
  • Investors are advised to be cautious of price fluctuations and differences between domestic and international exchanges when investing in this digital asset.

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

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

Please note that if it is determined that sufficient liquidity has not been secured for stable trading support of Berachain (BERA) at the scheduled trading time, the start time of trading support may be changed.

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

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

| Berachain (BERA) | KRW, BTC, USDT | Berachain | Scheduled for 9 PM on February 6 | Scheduled for 10 PM on February 6 (subject to change) |

* Berachain (BERA) supports deposits and withdrawals through the Berachain network. * Please note that all BERA deposits before the reference price is registered on CoinMarketCap or before the Upbit BERA trading support time are subject to Travel Rule verification, regardless of whether the conversion amount exceeds 1 million won. * 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 - Purchase Restriction: Purchase orders will be restricted for about 5 minutes after trading support begins. - Minimum Sell Restriction: The reference price for the minimum sell restriction will be announced through this notice before the start of trading support. - Order Type Restriction: All types of orders except limit orders will be restricted for about 1 hour after trading support begins. ### ※ 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 (BERA-Berachain) are supported. Be sure to 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](https://upbitcs.zendesk.com/hc/ko/articles/5048002559897), they cannot be reflected, and deposits that cannot be reflected may take a long time to return. - Deposits and withdrawals are only possible to a personal wallet address that has completed 'ownership verification', and even if it is a deposit through a linked personal wallet, the deposit return process may need to be performed depending on the network of the asset. - When depositing a large amount of digital assets with an unclear source, a statement of the source of funds may be requested. (Terms of Use Article 17, Paragraph 8) ### ※ Additional Digital Asset \~\~BERA (Berachain)\~\~ > Berachain is a layer 1 blockchain using Proof of Liquidity. It aims for long-term growth by aligning the interests of network security officers and liquidity providers using its own consensus algorithm. Berachain uses a Two Token Model to operate the blockchain with the virtual assets BERA and BGT. Users utilizing some applications within Berachain can earn Proof of Liquidity rewards. The virtual asset BERA is used for transaction fees, staking, etc. > Website: [Berachain Official Website](https://www.berachain.com/) > X (formerly Twitter): [Berachain Official X](https://x.com/berachain) > Whitepaper: [Berachain Official Whitepaper](https://docs.berachain.com/) ✽ If the digital asset is not displayed on 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 borne by the investor. Please carefully refer to the project website 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 aware of 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 be aware of this.

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



*This information is automatically generated.

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