Listing Monad on Upbit and Bithumb in South Korea

Among the largest cryptocurrency exchanges in South Korea, Upbit and Bithumb have made an exciting listing announcement for the altcoin called Monad (MON). As cryptocurrency investors and enthusiasts closely follow this significant development, it has been announced that MON will start trading on November 25 at 00:00.

Upbit stated that it will offer trading pairs for Monad (MON) against South Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). In the announcement dated November 24, it was emphasized that MON deposit transactions can only be made through the Monad network. Upbit warned that transfers sent from different networks would not be supported, highlighting that this could prolong the refund process. During the first 5 minutes after the listing, buy orders will be restricted, and only limit orders will be accepted for approximately 2 hours.

On the other hand, Bithumb announced that the Monad (MON) asset will be listed in the KRW trading pair. This exchange also aims to provide a secure trading environment by stating that MON deposit transactions can only be made through the mainnet. Bithumb also reported that there would be no fees for transactions to be conducted between November 25-27. Both exchanges listed the issues users should pay attention to, including using the wrong network, transferring from unsupported exchanges, and address verification processes.

In light of these significant developments, what investors can expect from Monad (MON) and what price levels it may reach remains a matter of curiosity. Given the importance of making safe trades in the cryptocurrency market, it should not be forgotten that investors must always exercise caution. Monitoring MON's performance and following the announcements from the exchanges will be crucial for investors.