Upbit, South Korea's largest cryptocurrency exchange, announced that it has launched a new trading pair for Bounce (AUCTION) against the Korean won (KRW). Proceedings are scheduled to start at 18:50.
Upbit to Launch Korean Trading Pair for Bounce (AUCTION)
Following Upbit's announcement, Bounce (AUCTION) price experienced a significant increase, rising from $18 to $30 in a short period of time, marking an increase of over 58.6%.
This rapid price increase highlights the strong market reaction and investor enthusiasm for the newly listed trading pair on one of South Korea's leading crypto platforms.
Upbit's decision to list the AUCTION/KRW trading pair is seen as a strategic move to increase Bounce's accessibility for South Korean traders and investors and further integrate the cryptocurrency into the local market.
Bounce (AUCTION) is a decentralized auction protocol that allows users to create and participate in auctions of various digital assets and is a major player in the decentralized finance (DeFi) space.
The increase in AUCTION's price underlines the growing interest and confidence in the cryptocurrency market, especially in South Korea, where digital assets continue to gain traction.
Upbit's influence as the country's largest exchange is evident in the market's immediate response, as traders moved quickly to take advantage of new trading opportunities.
*This is not investment advice.
