Magic Eden (ME) Coin Listing Confirmed on Upbit
Magic Eden Coin to Debut on Upbit, Expanding Access for U.S. Crypto Enthusiasts
South Korean cryptocurrency exchange Upbit is set to list Magic Eden (ME) coin, the native token of the popular NFT marketplace Magic Eden, on December 11, 2024. This move will provide U.S. crypto investors with another avenue to access and trade ME coin, perhaps boosting its liquidity and visibility.
Trading will commence at 10:30 AM KST (9:30 PM EST on December 10th) across KRW, BTC, and USDT markets.
Upbit will support trading pairs KRW-ME, BTC-ME, and USDT-ME.Initial minimum selling prices will be 8,109.86 KRW for the KRW market and 0.00005891 BTC for the BTC market.
Upbit has cautioned investors that price discrepancies may arise between exchanges due to varying deposit and withdrawal support.
Magic Eden, launched in September 2021, has rapidly become a leading NFT marketplace, supporting a diverse range of blockchains including ethereum, Bitcoin, Solana, Polygon, and Base. This multi-chain approach allows users to trade a wide array of blockchain-based assets within a single platform.
to ensure a smooth launch and stable liquidity, Upbit will implement temporary trading restrictions. These include a five-minute limit on buy orders and a one-hour restriction on all order types except limit orders. The minimum selling price range will be announced an hour before trading begins.The listing on Upbit marks a significant milestone for Magic Eden, expanding its reach and accessibility to a broader audience of U.S. crypto investors.
Magic Eden Coin Expanding Access for U.S. Crypto Enthusiasts with Upbit Listing
NewsDirectory3.com:
The Magic Eden (ME) coin, powering the popular NFT marketplace Magic eden, is set to make its debut on South Korean cryptocurrency exchange Upbit on December 11th, 2024. This listing promises to provide a new avenue for US-based crypto investors to access and trade the ME coin,potentially bolstering its liquidity and visibility within the US market.
Trading will commence at 10:30 AM KST (9:30 PM EST on December 10th) across KRW, BTC, and USDT markets, with initial minimum selling prices announced closer to launch.
Upbit has cautioned investors, stating that price discrepancies may occur between exchanges due to varying deposit and withdrawal support mechanisms.
Randy Lee, a cryptocurrency market analyst, shared his take on the progress, saying:
“This listing on Upbit is a critically important step for magic Eden. Upbit is a highly reputable exchange with a large user base, particularly in Asia. This expanded accessibility to ME coin could lead to increased trading volume and potentially drive more interest in the Magic Eden platform itself.”
Magic Eden, launched in 2021, has emerged as a leading NFT marketplace, supporting a diverse ecosystem of blockchains including Ethereum, Bitcoin, Solana, Polygon, and Base.
Upbit will implement temporary trading restrictions to ensure a smooth launch and stable liquidity. These include a five-minute limit on buy orders and a one-hour restriction on all order types except limit orders.
This listing marks a notable milestone for Magic eden, offering a broader pathway for US crypto investors to engage in the platform’s thriving NFT ecosystem.