Upbit, one of the most trusted global cryptocurrency exchanges, has announced the listing of Magic Eden (ME) for trading on the KRW, BTC, and USDT markets.
Upbit Will Support Magic Eden (ME) Trading in KRW, BTC, and USDT Markets
Details of the Listing
Magic Eden (ME) is a token associated with the Magic Eden platform, a well-known multi-chain NFT marketplace. The token will be used for governance, staking, and user rewards within the platform's ecosystem.
ME will initially be available only for deposits via the Solana network. Users must approve the network before initiating deposits or withdrawals.
Liquidity Preparation:
Trading will begin once sufficient liquidity is achieved. The official start time will be announced one hour in advance.
Deposit Requirements:
All deposits made before Magic Eden is listed on the CoinMarketCap or Upbit platform will be subject to Travel Rule verification, regardless of the deposit amount.
Deposits made through networks other than Solana or unsupported virtual asset operators will not be reflected and may require a lengthy refund process.
Transaction Restrictions:
Buy Limit: Buying will be restricted for the first five minutes after trading starts. Minimum Ask Price: This price will be announced one hour before trading starts. Order Types: Only limit orders will be allowed for the first hour.
What is Magic Eden?
Launched in September 2021, Magic Eden is a leading NFT marketplace that supports transactions across multiple blockchains, including Ethereum, Bitcoin, Solana, Polygon, and Base.
The platform aims to provide a seamless cross-chain trading experience and enable users to participate in the crypto ecosystem effortlessly.
*This is not investment advice.