Upbit and Bithumb, South Korea’s main cryptocurrency exchanges, introduced the itemizing of the community-focused meme coin challenge SPX6900 ($SPX) on the platform. In keeping with the announcement, $SPX Buyers may have entry to each the Korean Gained (KRW) and quite a lot of crypto buying and selling pairs.
In keeping with Upbit’s announcement, SPX6900 will start buying and selling on the KRW, BTC, and USDT pairs on June sixteenth. Buying and selling is scheduled to start on June sixteenth at 2pm, with deposits and withdrawals to start inside two hours of the announcement. This asset is barely supported on the Ethereum community. Transfers from different networks are usually not accepted.
On the identical day, Bithumb introduced that it’ll record SPX6900 on the Korean received market. In keeping with the change, buying and selling will start on June sixteenth at 5pm. The usual value is ready at 515 received, and deposits and withdrawals will start inside two hours of the announcement.
Each exchanges mentioned that the usual safety measures relevant to preliminary listings additionally apply to preliminary listings. $SPX. In keeping with this, we are going to prohibit purchase orders for five minutes after the beginning of buying and selling. As well as, solely restrict orders are allowed for a restricted time frame, and numerous restrictions are positioned on promote orders to forestall extreme value actions.
SPX6900 is described as a meme coin challenge that references the S&P 500, some of the well-known indices of conventional monetary markets, and is constructed on the humor and neighborhood tradition of the Web. The challenge revolves round a narrative that satirizes monetary markets and funding tradition, however notice that the token has no auxiliary use circumstances.
The choice by South Korea’s two main exchanges to record SPX6900 on the identical day is attracting consideration as there was a current resurgence of curiosity in meme coin tasks within the cryptocurrency area. Analysts notice that itemizing on a big platform reminiscent of Upbit or Bithumb usually will increase the visibility and liquidity of an asset.
*This isn’t funding recommendation.
