Upbit will list the Zerobase (ZBT) altcoin.

South Korea's largest cryptocurrency exchange Upbit has announced the official listing date for a new altcoin that has caught the attention of investors, Zerobase (ZBT). The trading process will start on October 17, 2023 at 22:00, allowing investors to trade ZBT against Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) trading pairs.

In a statement made by Upbit, it was emphasized that ZBT deposit transactions will only be conducted via the Ethereum (ETH) network. This necessitates that investors be cautious during transfers made through different networks; otherwise, it was reported that the process for refunds could take a long time. It is critical for investors to pay attention to these warnings to ensure the safety of their investments.

After the listing, it was announced that buy orders for Zerobase (ZBT) would be limited during the first 5 minutes. Additionally, it was mentioned that only limit orders would be accepted in the first 2 hours following the listing. This situation may encourage investors to be more cautious against market movements. Notably, limitations such as the inability to sell at prices that drop more than 10% below the previous day's closing price during the first 5 minutes after the listing are important factors in terms of market volatility.

Investors need to closely monitor the listing of ZBT and act in accordance with the rules set during this process. Due to potential unexpected price movements and trading restrictions that could pose risks for investors, it is recommended to pay attention to the critical price levels announced to avoid.

The listing on October 17 could create new opportunities in the cryptocurrency exchange while also potentially affecting existing market dynamics.