Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced that it will add another digital asset to its trading platform. According to the announcement, Katana Network (KAT) will be listed with KRW, BTC, and USDT trading pairs.
According to information shared by the stock exchange, deposit and withdrawal operations for KAT will open approximately 1 hour and 30 minutes after the announcement. The planned start time for trading is March 26th at 7 PM. However, it was stated that the start time may be postponed if sufficient liquidity is not provided.
Upbit emphasized that users should only conduct transactions through the Katana network, reminding them that transfers over different networks will not be supported. Furthermore, under the Travel Rule, transactions can only be made through designated exchanges and verified wallets.
The new listing will also include trading restrictions. Accordingly, buy orders will be limited for the first 5 minutes after trading begins. During the same period, sell orders that fall more than 10% below the previous closing price will also not be accepted. For the first two hours, only limit orders will be permitted.
Katana Network is an Ethereum-based layer-2 solution focused on DeFi applications. The project offers innovative mechanisms aimed at managing liquidity at the network level, while the KAT token is used in incentive, staking, and governance processes.
Experts say that such listings can increase project visibility and strengthen investor interest.
*This is not investment advice.
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