Upbit, one of the leading digital asset exchanges in South Korea, announced that it will begin supporting WalletConnect (WCT) trading on the KRW, BTC, and USDT markets starting at 18:00 UTC on April 16. Upbit to List WalletConnect (WCT) for Trading on KRW, BTC, and USDT Markets on April 16 The listing follows the exchange's regular market assessment process and aims to expand access to innovative blockchain projects. WCT will be available on the Optimism network, with deposits and withdrawals opening within two hours of this announcement. Upbit stressed that users should confirm the correct network before depositing digital assets to avoid delays or complications. Temporary Trade Restrictions To ensure fair market activity during the initial trading window, Upbit will implement temporary restrictions: Buy orders will be restricted for approximately 5 minutes after the trade is opened. Sell orders priced 10% below the previous close price will be restricted for the first 5 minutes. During the first hour after trading starts, only limit orders will be accepted. What is WalletConnect (WCT)? WalletConnect is a widely adopted protocol for connecting blockchain wallets with decentralized applications (dApps). Built on its own network infrastructure, WalletConnect enhances the on-chain user experience by facilitating seamless interactions between wallets and dApps. The WCT token is used for governance and staking by supporting the operation of service nodes and gateway nodes within the WalletConnect network. With this new listing, Upbit continues to expand its service-focused digital asset offering by providing users with more opportunities to explore Web3 infrastructure and decentralized finance. *This is not investment advice. Continue Reading: Bitcoin Exchange Upbit Announces It Will List This Altcoin in Spot Trading! Here Are the Details
