Upbit, one of South Korea’s leading exchanges, announced that it has listed Creditcoin’s local altcoin, CTC. In the announcement made on the official website on December 12, it was stated that CTC’s listing process will be carried out today at 12:00 CEST.
Ethereum Network and CTC
According to Upbit’s announcement, altcoin CTC deposits can only be made via the Ethereum (ERC-20) network. Additionally, the exchange warned users not to make transfers from other networks.
While it was stated that the altcoin CTC will be opened for trading in Bitcoin parity, it was stated that Upbit will offer the opportunity to buy and sell in the CTC / BTC transaction pair within the scope of the listing. While the stock exchange also announced a series of rules regarding listing, it stated that a sales order cannot be placed below 10% of the closing price determined for CTC.
Post-Listing Increase
Following the listing announcement, the price of CTC increased significantly, according to CoinGecko data. The price of CTC reached $0.676312 at the time of writing, an increase of 243% from the $0.197672 levels.
While Upbit’s decision to list CTC is considered a significant milestone for the Creditcoin community, investors will have the opportunity to trade on the new trading pair.
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