In a groundbreaking move, Upbit, South Korea’s premier cryptocurrency exchange, has set the stage for a significant financial shake-up. Brace yourselves as we delve into the details of their latest announcement, which is sending shockwaves through the crypto world. We’re just as excited as you!
Upbit, not one to shy away from making waves, has declared that the CreditCoin token (CTC) will join the ranks of the Korean Won market on December 12, 2023, precisely at 18:00 KST. Hold on to your hats, as this revelation has propelled CreditCoin’s value to new heights, soaring by an astonishing 254.58%. As of now, the token is confidently navigating the market currents at $0.7301.
According to the official announcement by the Upbit team, Creditcoin will be added to its Korean Won market. Meanwhile, it will support the CTC/BTC trading pair too, along with the other prominent cryptocurrencies.
Read: Upbit Hacking Attempts Surge 117% in a Year: Is Your Crypto Safe?
CreditCoin (CTC) aims to revolutionize the global credit economy by introducing a decentralized platform for secure credit transactions.
The project’s key features include the elimination of intermediaries, faster and more accessible credit processes, and the implementation of a reputation-based scoring system to facilitate fair transactions.
Additionally, CreditCoin stands out for its interoperability with existing credit systems, allowing users to seamlessly exchange their credit ratings for tokens. This unique approach positions CreditCoin as a promising player in the evolving landscape of decentralized finance.
With the listing, Upbit will extend comprehensive support for CreditCoin, including the CTC/BTC trading pair alongside other well-established cryptocurrencies.
Deposit support for CreditCoin is slated to commence within one hour of the announcement. However, deposits from exchanges not linked with VV will undergo a review process before being reflected in users’ accounts
Meanwhile, the trading support for CreditCoin is scheduled to kick off on December 12, 2023, at 18:00 KST. During the initial trading period, buy orders are expected to face restrictions for the first 5 minutes, while sell orders will encounter restrictions for the first hour.
This Might Interest You: What Can We Expect from South Korea’s CBDC Pilot in 2024?
The numbers speak for themselves!
As per the latest data, CreditCoin is trading at $0.738, reflecting an impressive surge of $263.87 and boasting a market capitalization of $225 million.
The Sui network has attracted significant investment from institutional investors seeking to capitalize on its…
Technical analysis shows that the Dogecoin price is poised to gain 33% to 23 cents…
The AT&T subscribers can connect to Helium’s community-built Wi-Fi network. The Helium network has grown…
The crypto markets are experiencing a powerful bullish wave, highlighted by Bitcoin’s breakout and a…
The recent rise in the bullish momentum has elevated the markets above the bearish captivity…
The PayPal USD (PYUSD) stablecoin is fast approaching the $1 billion market cap milestone. The…
