Upbit, one of South Korea's leading cryptocurrency exchanges, announced that it will offer trading support for the new digital asset Kite (KITE) in KRW, BTC and USDT pairs.
Upbit Announces Listing of New Trading Pairs for Kite (KITE)
According to the official announcement, KITE's deposits will begin at 21:00 on November 3rd, and transaction support will begin at 22:00 on the same day.
KITE runs on the Ethereum network and will only support deposits and withdrawals via this network. Upbit emphasized that users must complete network verification before trading to avoid losing their funds.
It was also stated that even high-amount investments made before the reference price was listed on CoinMarketCap would fall within the scope of the Travel Rule (Financial transaction monitoring).
The exchange announced that the trading start time may be postponed if sufficient liquidity is not available. As part of the trading restrictions, buy orders will be temporarily disabled for the first five minutes after listing, and out-of-limit orders will be temporarily disabled for two hours.
Kite (KITE) is described as a Layer-1 blockchain project that aims to turn artificial intelligence agents into independent economic actors.
The project aims to solve authentication, payment, and trust issues while building a “mathematically secure agent economy” with stablecoin-based payments, programmable governance, and micropayment infrastructure.
The KITE token will be used for service payments within the platform and will also be included in staking and governance functions in the future.
*This is not investment advice.
