South Korean Crypto Exchange Upbit Announces the Listing of Two New Altcoin Trading Pairs! Here are the Details

The South Korean crypto exchange Upbit announced new trading support for Celestia (TIA) and io.net (IO) and expanded listing services for the Korean won (KRW), Bitcoin (BTC) and Tether (USDT) markets.

Upbit added market support for Celestia (TIA) and IO.net (IO)

Listing Details

• Celestia (TIA) will be available for trading in KRW, BTC, and USDT trading pairs.
• IO.net (IO) is only supported in BTC and USDT trading pairs.

Upbit reminds users that deposit transactions cannot be carried out on unsupported networks and that this situation may lead to delays or loss of assets, advising them to carefully check network compatibility before making deposits.

The following restrictions will be applied to ensure market stability during the first listing:

• Buy orders will be restricted for approximately 5 minutes after the start of the transactions.
• Sell orders priced lower than 10% of the previous day's closing price will be restricted for a duration of 5 minutes.
• Only limit orders will be accepted during the first hour after the listing.

Reference prices and further updates can be found on Upbit's official channels.

What is Celestia (TIA)?

Celestia is a modular data availability network built using the Cosmos SDK. This network, designed to simplify blockchain deployment, allows rollups and Layer 2 solutions to benefit from the DA layer.

Celestia uses Data Availability Sampling (DAS) and Domain Merkle Trees (NMTs) to enhance efficiency and scalability. Its modular design is recognized for helping to solve the blockchain trilemma.

( What is IO.net )IO###?

io.net is a decentralized GPU network aimed at providing high-performance computing resources to developers developing machine learning applications.

Miners, data centers, and individual users come together to form over a million GPUs on io.net, enhancing the scalability and efficiency of the AI computing infrastructure. The IO token is used to incentivize payments, staking, and computing resource providers.