South Korea’s Upbit and Bithumb to List MOVE on Dec. 9
Two of the largest crypto exchanges in South Korea, Upbit and Bithumb, will list the MOVE token from Movement Labs on December 9 at 21:00 KST. The listing of MOVE will kick off global trading for the utility token, with some unique features and trading guidelines to ensure a seamless launch.
MOVE Trading Details on Upbit
UPbit did list MOVE for trading in Korean won
Bitcoin, and Tether. However, deposits and withdrawals of MOVE will be only possible using the Ethereum network. The minimum sell price for it will be $0.33 USDT (or 464.5 KRW) – 30% off compared with the lowest over-the-counter price of the previous day.
For a smooth trading:
- Post-Launch Limits: Non-limit orders will be restricted for one hour post-launch.
- These measures aim to ensure market stability and minimize price volatility during the early trading period.
- Initial Restrictions: Buy orders will be suspended for the first five minutes after trading opens.
MOVE Trading on Bithumb
Bithumb will list MOVE exclusively on the KRW market. Deposits and withdrawals will open three hours after the listing notice, at approximately 17:30 KST, with trading to begin at 21:00 KST. The time is subject to change depending on operational requirements.
Key restrictions on Bithumb include:
Buy and sell orders will be restricted for the first five minutes after trading begins.
Only sell orders will be accepted for a range of 10% below to 100% above the standard price.
The base price for MOVE is not announced yet, but 33 deposit confirmations are in, according to Bithumb.
About MOVE and Movement Labs
MOVE is the utility token of Movement Labs, an Ethereum Layer 2 solution that supports both MoveVM and EVM transactions. This dual compatibility gives developers a highly scalable and stable framework while retaining compatibility with existing Ethereum applications. The main uses of the MOVE token are for staking, governance, delegation, and gas fee payment.
A simultaneous listing on Upbit and Bithumb underlines the interest in blockchain innovations like Movement Labs, thus opening a path to the global market for MOVE.
