Umair
South Korean exchanges Upbit and Bithumb will add Berachain to its listings on Feb. 6, in time for the upcoming launch of Berachain mainnet.
Two South Korean crypto exchanges announced that they will start providing trading support for new layer1 blockchain Berachain’s upcoming token, BERA. Trading support on both exchanges will start simultaneously on Feb. 6 at 22:00 KST.
Users can only deposit and withdraw BERA through the new Berachain mainnet that will be launched on the same day as its token. Berachain is an Ethereum (ETH) Virtual Machine-compatible layer 1 blockchain which is equipped with a Proof-of-Liquidity consensus mechanism.
Bithumb offers trading support for BERA only on its Korean won markets. Additionally, buy and sell orders for BERA will be restricted for the first five minutes of trading and at a limit of less than 10% and more than 100% of the standard price. Automatic orders can begin after the first transaction is completed.
On Upbit, BERA will be available for trading with Korean won, Bitcoin (BTC) and Tether (USDT). However, the exchange also warned users that the trading support start time may change depending on whether BERA has enough liquidity for trading.
Berachain started off as an NFT project called Bong Bears, but has since grown into a whole blockchain ecosystem that is scheduled to make its debut on Feb. 6.
Alongside Upbit’s BERA listing, the exchange will also be adding Solana-based Jito (JTO) and Scroll (SCR) to its platform. JTO and SCR will be available for trading on Feb. 6 at 18:00 KST with trading support provided for only BTC and USDT markets.
According to data from crypto.news, Scroll received a major boost after the Upbit announcement. In the past 24 hours, SCR has gone up by more than 15%, it is currently trading hands at $0.68. Within the past week, the token has barely gone up by 0.71%.
Meanwhile, the Upbit listing did not affect JTO’s price by much. In the past 24 hours, the token has only gone up by 0.28% and has remained on a downhill trend of 15.8% in the past seven days.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
