Momentum (MMT) Listing Process in South Korean Exchanges

South Korea's largest cryptocurrency exchanges Upbit and Bithumb have announced an exciting development for investors by listing the Momentum (MMT) altcoin. As of today, both exchanges will start trading this new asset. The listing will begin at 21:30, and it is emphasized that investors, especially those trading during this time, need to be cautious.

Upbit announced on November 4 that it will list the Momentum (MMT) asset with Bitcoin (BTC) and Tether (USDT) trading pairs on its platform. It was highlighted that investors can only deposit MMT through the Sui network, and transfers from different networks will not be supported. This situation serves as a warning for investors to take precautions against the possibility that the refund process for funds could be lengthy.

Bithumb also took a step to announce that it will list the Momentum (MMT) asset with the South Korean Won (KRW) trading pair. Similar to Upbit, Bithumb stated that MMT deposit transactions will only be valid for the Sui network. This situation stands out as an important detail for investors. Trades are also set to begin at 21:30. Additionally, Bithumb aims to provide a secure trading environment by restricting purchase orders during the first 5 minutes after the listing.

Both exchanges have announced that there will be no trading fees for MMT transactions between November 4–7. This can be considered an advantageous condition for investors. However, it should also be noted that only limit orders will be accepted during the first 2 hours after the listing. Investors need to act carefully and consciously, especially during these periods.