The cryptocurrency market is witnessing important developments this week. Upbit, South Korea’s largest cryptocurrency exchange, announced that it has listed the Ethereum Name Service (ENS coin) token. This news caused a significant increase in the price of ENS. Not limited to this, a total of 5 new tokens were listed on 4 different exchanges. These developments provide exciting opportunities for investors and contribute to the expansion and diversity of the cryptocurrency ecosystem.
ENS coin is listed on Upbit
Upbit, South Korea’s largest cryptocurrency exchange, announced on July 9, 2024 that it has listed the Ethereum Name Service (ENS) token with the KRW trading pair. This news caused an increase of up to 20% in the price of ENS. Upbit recommended that users check the network before depositing crypto assets and only make deposits and withdrawals through specified networks.
New listings increase activity
Apart from Upbit’s ENS listing, activity in cryptocurrency exchanges on July 9 was remarkable. A total of 5 new tokens were listed on 4 different exchanges:
- Vertex (VRTX): AscendEX exchange listed Vertex with VRTX/USDT parity at 11:00 UTC.
- Bethel (BECX): BitMart exchange listed Bethel with BECX/USDT at 08:00 UTC.
- LandRocker (LRT): BingX exchange listed LandRocker with LRT/USDT at 12:00 UTC.
- Nigella Chain (NIGELLA): ProBit Global exchange listed Nigella with NIGELLA/USDT pair at 08:00 UTC.
- XOXNO (XOXNO): MEXC Global exchange listed XOXNO with XOXNO/USDT parity at 14:00 UTC.
What do new listings mean?
These new listings provide new opportunities for investors and increase diversity in the cryptocurrency market. Despite the news of new listings, it is important for investors to always be cautious and do their research before investing. It is important to remember that each token has its own risks and potential. Investors should review the token’s whitepaper, roadmap and team and consider their own risk tolerance before investing. The cryptocurrency market is still a developing market and has high volatility. Therefore, it is important for investors to only invest money they may lose and to be aware of the risks in the market.
As a result, new listings on cryptocurrency exchanges are an important development for both investors and projects. These listings contribute to the expansion and diversity of the cryptocurrency ecosystem and offer new opportunities to investors. However, it is important for investors to always be careful and do their research before investing. It is important to remember that each token has its own risks and potential. Investors should review the token’s whitepaper, roadmap and team and consider their own risk tolerance before investing.
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