Upbit, one of the largest cryptocurrency exchanges in South Korea, is adding a new digital asset listing. The exchange announced that it will support its Layer 1 blockchain project MANTRA (OM) with KRW (Korean Won), BTC and USDT trading pairs. Trading support will begin on May 21 at 15:00.
According to the statement made by Upbit, both deposits and withdrawals for MANTRA (OM) will be activated within two hours after the official announcement.
As with new asset listings, some temporary trading restrictions will apply to OM:
These measures aim to maintain market stability and prevent sudden price fluctuations.
MANTRA (OM) is the native token of MANTRA Chain, a Layer 1 blockchain focused on tokenization of physical assets, based on Cosmos SDK and compatible with the Ethereum virtual machine. The network offers the following components optimized for enterprise use:
The OM token is used for network fees, staking, governance, authentication levels, liquidity incentives, and regulatory reporting.
The listing of MANTRA (OM) further demonstrates Upbit’s emphasis on DeFi-focused projects in its expanding digital asset portfolio, and is expected to attract increasing interest from institutional and individual investors.
*This is not investment advice.
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