Upbit Listed 3 Altcoins in the Last Three Days: So Why Did Listing Rate Spiked? What Other Altcoins Are Candidates for Listing?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 31 2024- Upbit Listing Acceleration: Upbit, the world's second-largest cryptocurrency exchange, listed three tokens recently - Bounce, Stargate, and BEAM, possibly due to upcoming regulatory changes in South Korea.
- Virtual Asset Investor Protection Law: South Korea's new law, effective July 2024, aims to protect virtual asset users, regulate trading practices, and empower financial authorities over the virtual asset market.
- Altcoins Listing Candidates: Upbit is considering listing various altcoins like Chromia, API3, Audius, iExec RLC, and others that have Bitcoin parity but not KRW parity.
- Prohibition on Hacked Altcoins: The new regulations may also prevent previously hacked altcoins from being listed on exchanges like Upbit.
- Ethereum Founder's Tweet: Ethereum founder Vitalik Buterin retweeted a tweet about Terra (LUNA), causing a reaction in LUNA's price.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
