tl;dr
Upbit cryptocurrency exchange has announced the addition of BRETT and Pepe Coin to its trading platform. Trading support for BRETT and PEPE commenced at 19:30 on August 20th, with deposits and withdrawals opening two hours prior. Upbit aims to diversify assets and has waived withdrawal fees for the ...
Upbit announces support for BRETT and PEPE Coin, adding meme coins to its trading platform
Upbit cryptocurrency exchange has announced the addition of BRETT and Pepe Coin to its trading platform. Trading support for BRETT and PEPE commenced at 19:30 on August 20th, with deposits and withdrawals opening two hours prior. Upbit aims to diversify assets and has waived withdrawal fees for the first 24 hours. It implemented trading restrictions initially to stabilize the market.
Upbit guidelines and regulations emphasize adherence to network transactions and compliance with the Travel Rule
Upbit emphasizes adhering to guided networks for transactions and compliance with the Travel Rule. BRETT transactions will be processed on the Base network, and Pepe Coin transactions on the Ethereum network for smooth processing of deposits and withdrawals. The market response to the listings was positive, with Pepe Coin increasing by 12% and BRETT experiencing a 30% surge in value shortly after the trading support announcement.
Market response to new listings: positive price surges for PEPE and BRETT on Upbit
According to a press release on Upbit’s website, introducing these meme coins marks a step in diversifying the range of assets available to traders on the platform. BRETT, a digital asset based on the Base Chain, and Pepe Coin, which operates on the Ethereum network, are positioned to leverage their unique market appeal to capture the interest of investors. Additionally, Binance is set to launch the USDⓈ-Margined BRETTUSDT Perpetual Contract on August 20, 2024. The market response to the listings was positive, with Pepe Coin increasing by 12% and BRETT experiencing a 30% surge in value shortly after the trading support announcement.