South Korea Stock Exchanges Momentum (MMT) Listing Process

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 begin trading this new asset. The listing will commence at 21:30, and it is emphasized that investors who will be trading during this time period should proceed with caution.

Upbit announced on November 4 that it would be listing the Momentum (MMT) asset with Bitcoin (BTC) and Tether (USDT) trading pairs on its platform. It was pointed out that investors can only make MMT deposit transactions via the Sui network, and that transfers from different networks will not be supported. This situation warns investors to take precautions as the process of refunding funds may take a long time.

Bithumb has also taken the step to list the Momentum (MMT) asset under 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 detail stands out as significant for investors. Transactions are also scheduled to start at 21:30. Additionally, Bithumb aims to provide a secure trading environment by restricting buying transactions during the first 5 minutes after the listing.

Both exchanges have announced that they will not charge transaction fees for MMT trades 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.