[Upbit] Announcement on New Trading Support for Movement (MOVE) (KRW, BTC, USDT Markets) (Notice of Further Delay in Trading Support Commencement)

Update Date: 2024-12-09 21:59

Hello. This is Upbit, the most trusted global standard digital asset exchange.

The commencement of trading support for Movement (MOVE) has been temporarily postponed.

[Notice on Delay of MOVE Trading Support Commencement]

• Original trading support commencement time: 2024-12-09 22:00 KST

• Delayed trading support commencement time: To be announced later

• The commencement of MOVE trading support will proceed after securing sufficient liquidity within the exchange to protect investors, and further guidance will be provided through a separate announcement.

Please take note of this information.

Thank you.

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Update Date: 2024-12-09 20:55

Hello. This is Upbit, the most trusted global standard digital asset exchange.

The commencement of trading support for Movement (MOVE) has been postponed.

[Notice on Delay of MOVE Trading Support Commencement]

• Original trading support commencement time: 2024-12-09 21:00 KST

• Delayed trading support commencement time: 2024-12-09 22:00 KST

• The trading support commencement time may be subject to further changes, and any changes will be announced through this notice.

Additionally, from the time of this announcement for approximately 24 hours, the withdrawal fee for Movement (MOVE) will be offered for free, and fees will be charged after the 24-hour period. It may take some time for the withdrawal fee adjustment to apply, so please be sure to check the withdrawal fee displayed when proceeding with withdrawals.

Please take note of this information.

Thank you.

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Hello. This is Upbit, the most trusted global standard digital asset exchange.

We are pleased to announce the support for trading of a new digital asset as follows.

| Digital Asset | Market | Network | Deposit Start Time | Trading Support Start Time |

|------------|----------------|----------|---------------|----------------------|

| Movement (MOVE) | KRW, BTC, USDT | Ethereum | Scheduled for Dec 9, 20:00 | Scheduled for Dec 9, 21:00 (subject to change) |

• Movement (MOVE) supports deposits and withdrawals through the Ethereum network. * Movement (MOVE) is the first global trading support, and the trading support time may change, with further guidance provided through this notice. * All MOVE deposits before the reference price is registered on CoinMarketCap or before the Upbit MOVE trading support time, regardless of whether the conversion amount exceeds 1 million KRW, will be subject to Travel Rule verification, so please take note of this. * Please ensure to check the network before depositing digital assets. Deposits and withdrawals through networks other than the specified network are not supported.

※ Trading Restrictions Notice

• Buy Restriction: Buy orders will be restricted for about 5 minutes after trading support.

• Minimum Sell Restriction: Limited to 0.3325 USD (464.5 KRW, 0.0000033 BTC, 0.3325 USDT), which is -30% of the previous day's OTC trading lowest price.

• Order Type Restriction: All types of orders except limit orders will be restricted for about 1 hour after trading support.

※ Deposit Precautions

Deposits that cannot reflect the precautions may take a long time for the return process, so please carefully check the precautions.

• Only deposits and withdrawals through the specified network (MOVE-Ethereum) are supported. Please check the network before depositing.

• To comply with the Travel Rule, if assets are deposited to Upbit through exchanges not included in the List of Virtual Asset Service Providers, they cannot be reflected, and deposits that cannot be reflected may take a long time for the return process.

• Deposits and withdrawals are only possible with a personal wallet address that has completed 'Ownership Verification', and even if deposits are made through a linked personal wallet, they may need to be returned depending on the network of the asset.

• For large deposits of digital assets with unclear sources, a statement of the source of funds may be requested. (Terms of Use Article 17, Paragraph 8)

※ Additional Digital Asset

~~MOVE (Movement)~~

Movement is an Ethereum Layer 2 solution that supports both MoveVM and EVM transactions. Through these features, Movement allows developers to maintain compatibility with existing Ethereum applications while showcasing the high stability and scalability benefits provided by the Move language. Additionally, Movement Labs offers a highly flexible rollup construction infrastructure through the Move Stack, which facilitates the easier development of Move-based rollups.

MOVE is a token utilized within Movement for purposes such as staking, delegation, governance, and gas fee payments.

Website: Movement Official Website

X (formerly Twitter): Movement Official X

Whitepaper: Movement Official Whitepaper

✽ If the digital asset is not displayed on the PC, please refresh (F5) and check again.

✽ If the digital asset is not displayed on the Upbit App, please click More > Screen Settings > Retrieve Coin Information and check again.

Investment Risk Notice

• Digital asset investments are exposed to rapid price fluctuations due to speculative demand and changes in domestic and international regulatory environments. The responsibility for investment decisions in this digital asset lies with the individual, and any potential losses are also borne by the investor. Please carefully refer to the project website and disclosure materials to fully understand the characteristics of digital assets and trade cautiously.

• Due to the nature of digital asset trading, price differences between domestic and international exchanges are continuously occurring. Please be sure to pay attention to the price differences with global exchanges before investing in digital assets.

• Upbit takes various measures, such as minimum order amount restrictions, to create a stable trading environment. However, due to the overheated investment environment, some members may be exposed to order stabilization messages. This is an unavoidable measure to process orders from members who ordered first and to provide stable services, so please be aware of this.

※ Virtual assets are high-risk products and may result in the loss of all or part of the investment.

*This information is automatically generated.