Upbit Crypto Exchange Launches Arbitrum Token ARB Supporting KRW and BTC Trading Pairs
It is reported that Upbit, the South Korean cryptocurrency exchange, will launch the Arbitrum token ARB, which supports KRW market trading pairs and BTC market trading pairs, respe
It is reported that Upbit, the South Korean cryptocurrency exchange, will launch the Arbitrum token ARB, which supports KRW market trading pairs and BTC market trading pairs, respectively. Deposits will start in three hours, and trading is planned to start at 14:00 Beijing time.
Upbit will go live with ARB
Upbit, the South Korean cryptocurrency exchange, is set to launch the Arbitrum token ARB, supporting both KRW market trading pairs and BTC market trading pairs. The exchange has announced that deposits will start in three hours, and trading is planned to start at 14:00 Beijing time.
What is Arbitrum?
Arbitrum is an Ethereum Layer-2 scaling solution designed for building decentralized applications (dApps). The platform utilizes a unique approach called Optimistic Rollup to enable faster and cheaper transactions, significantly reducing congestion on the Ethereum network. Arbitrum enables developers to build dApps that can support large-scale deployments, with lower gas fees, and faster transaction confirmations.
Why is Upbit launching ARB?
Upbit has been actively exploring emerging blockchain technologies and is committed to providing its users with a wide range of trading options. The launch of the ARB token on its platform is part of its strategy to give its users access to assets that have high potential for growth.
The decision to add the ARB token came after careful consideration, with Upbit noting the token’s growing popularity among investors, especially in Asia. The token’s compatibility with KRW and BTC trading pairs makes it an attractive addition to Upbit’s list of supported assets.
How Can You Trade ARB on Upbit?
To trade ARB on Upbit, users can simply deposit any of the supported currencies into their wallet, including KRW or BTC, and then navigate to the trading page. From there, users can place buy or sell orders, taking advantage of the market conditions to make profits.
Benefits of Trading on Upbit
Upbit is one of the most reputable exchanges in the cryptocurrency industry, providing its users with a range of benefits, including trading assets with high liquidity, low fees, a user-friendly interface, and robust security measures. Users can be sure that their funds and personal information on the platform are kept safe and secure.
Conclusion
The launch of the ARB token on Upbit is a significant development, opening up more opportunities for investors to diversify their portfolios and take advantage of the growing popularity of blockchain technologies. The addition of ARB to Upbit’s list of supported assets is yet another indication of the exchange’s commitment to ensuring that its users have access to the best trading options.
FAQs
Q: What is ARB?
A: ARB is the Arbitrum token, which is used to facilitate transactions on the Arbitrum Layer 2 scaling solution.
Q: When will Upbit start trading ARB?
A: Upbit will start trading ARB at 14:00 Beijing time.
Q: What currencies does Upbit support for ARB trading?
A: Upbit supports KRW and BTC market trading pairs for ARB.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/11669/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
#Bitcoin NFT Market Records Historic Sale at Bitcoin Magazine Auction
On April 16th, according to Gamma data from the Bitcoin NFT market, Bitcoin Inscription # 52313 (Bitcoin Magazine\’s first cover) was sold at the Bitcoin Magazine Historical Cover O
-
The Explosive Growth of Blur in the NFT Market
According to the latest data from Dune Analytics, the total transaction volume of Blur in the NFT market has exceeded 2 million ETHs, reaching 2000373 ETHs (over $3.7 billion based
-
Reasons for the Rise in Bitcoin and Tether’s Outlook on Cryptocurrencies
According to reports, Tether Chief Technology Officer Paolo Ardoino and CNBC\’s Arjun Kharpal discussed the reasons for Bitcoin\’s rise this year and his outlook for cryptocurrencies
-
Paraxis Capital Launches New Fund for Cryptocurrency Investment
It is reported that the multi-strategy cryptocurrency investment company Paraxis Capital has launched a new relative value momentum fund, which adopts a long/s…
-
Scroll: Addressing Congestion Needs of Ethereum Networks with Two-Layer Approach
On April 10th, at the roundtable forum of \”Chinese Light | World Awarding Chinese Web3 Project\”, Sandy Peng, co-founder of ZK Rollup based Ethereum Expansion Network Scroll, stated
-
Philippines’ Bataan Province Plans to Develop Blockchain-Based Community-Based Monitoring System Bill
According to reports, Joet Garcia, governor of Bataan Province in the Philippines, said in an interview that the Bataan Provincial Government plans to develop …
-
What currency is emc2 (what’s wrong with emc currency)
What currency is emc2 According to official information, what currency is emc2? Emc2 is a token issued by blockchain gaming company GameFi platform Empower. Emc2 is a stability protocol based on smart contract and decentralization, which can be connected to Ethereum and other networks. This project adopts a new mechanism to improve transaction speed and reduce gas costs by using working capital in transactions; The emc2 token is completely owned and controlled by the community; In addition, according to the project team’s introduction, in addition to being used to pay gas fees, it can also be used as an investment tool for mining, pledging, and other operations, allowing investors to receive more incentives and returns; Moreover, emc2 also supports cross chain transfer functions (including ERC20 and EVM), which will enable developers to more easily deploy smart contracts and utilize their technology to solve problems What’s wrong with the emc coinThis afternoon, the emc coin suddenly experienced abnormal fluctuations, with its…
-
What Does Payment Token Mean (The Role of Payment Tokens)
Payment token refers to the functionality of a virtual commodity or service tha
-
Nexus Mutual Launches V2 in Ethereum Network for Seamless Integration with DeFi
According to reports, according to official Twitter news, the DeFi insurance project Nexus Mutual announced that its V2 version has been launched on the main Ethereum network. The agreement has been transformed into a risk management layer where experts can establish businesses, including: creating capital, launching a pledge pool, managing and pricing risks, developing new products, and so on. V2 aims to achieve seamless integration and product coverage with native DeFi and third-party user interfaces. DeFi insurance project Nexus Mutual V2 has been launched on the main Ethereum network Analysis based on this information:According to an official Twitter announcement, the DeFi insurance project Nexus Mutual launched its V2 version on the main Ethereum network. This development heralds the continued growth of DeFi insurance, with Nexus Mutual betting on V2 to achieve seamless integration with native DeFi and third-party user interfaces to enhance product coverage. The V2 version transforms the agreement into a comprehensive risk management layer, further expanding expert capabilities…
-
Title: The SEC’s Take on Ethereum: A Potential Unregistered Security
On April 22nd, former Chairman of the United States Securities and Exchange Commission (SEC), Jay Clayton, stated in a recent interview with CNBC that he agrees with the current Ch
-
Hoot.it Launches HootGPT for Open Web Utilization
On February 18, according to the official news, the first search engine of Open Web, Hoot.it, based on ChatGPT, launched HootGPT for Open Web usage scenarios. …
-
Bitcoin’s Rise Due to Financial Instability and Regulatory Excess
According to reports, Matrixport, a cryptocurrency service provider, said in a report on Thursday that Bitcoin (BTC) benefited from the instability of the financial system, falling inflation made the Federal Reserve less tough, and regulatory excess hit stable currencies. With the persistence of these three trends, the price of Bitcoin may remain high and continue to rise. Investors have now awakened that the Federal Reserve’s interest rate policy has seriously damaged some investment portfolios and threatened the financial stability of the economy. Report: Regulators and central banks have classified Bitcoin as a commodity rather than a security Analysis based on this information:Cryptocurrency service provider Matrixport recently released a report stating that Bitcoin’s price rise is attributed to three major factors: financial system instability, falling of inflation rates, and regulatory excesses impacting stable currencies. These trends are expected to persist and push the value of Bitcoin even higher. One of the key factors contributing to Bitcoin’s growth is the instability of…
-
Italy’s Ban on ChatGPT Sparks Controversy in the Tech Industry
On April 3rd, it was reported that Italy\’s ban on ChatGPT has sparked significant controversy in the technology industry and the country. Italian Deputy Prime Minister Matteo Salvi
-
Judge and Creditor Testify on Proposal to Sell Assets to Binance.US
It is reported that the judge and creditor gave eight hours of testimony on the broker\’s proposal to sell assets to Binance.US. Judge Michael Wiles still hasn\’…
-
DuckDuckGo introduces AI-powered search function using Wikipedia
It is reported that DuckDuckGo, the privacy search engine, has launched a test version of the AI-assisted search function that uses Wikipedia to answer questio…
-
Projection of Giant Bitcoin Logo on Germany’s Tallest Tower
According to reports, Bitcoin Magazine stated on social media that there was a projection of a giant Bitcoin LOGO on the tallest tower in Germany.
Projection of a giant Bitcoin log