Upbit, one of South Korea’s largest cryptocurrency exchanges, is set to list the Arkham ($ARKM) token on its Korean Won (KRW) market, with trading scheduled to begin at 16:00 KST on March 11, 2025. The ARKM token will be supported on the Ethereum network, and users are advised to confirm the network before making any deposits, as transactions made through unsupported networks will not be processed.
Upbit Lists Arkham ($ARKM) Today
In a statement, Upbit clarified that ARKM deposits and withdrawals will only be supported through the Ethereum network (ARKM-Ethereum). During the first 24 hours after the launch, withdrawals will be free of charge, after which standard withdrawal fees will apply. Users are encouraged to check the withdrawal fee before processing any transactions.
To ensure a smooth market operation, Upbit has outlined several restrictions for $ARKM trading. For instance, buy orders will be restricted for approximately 5 minutes after the trading begins.
Secondly, sell orders priced below 90% of the previous day’s closing price will be restricted for around 5 minutes after trading starts. Lastly, only limit orders will be allowed for the first hour of trading.
The previous day’s closing price for $ARKM in the BTC market was 0.00000596 BTC (approximately 700.2 KRW).
As is the standard, Upbit has advised users to double-check the network before making deposits to avoid any potential delays in transactions, as deposits via unsupported networks may take extended periods to process or not be reflected in user accounts.
Upbit Listing Effect: $ARKM Surges!
Following the announcement of its listing, ARKM witnessed a brief rise of over 40%, breaking through the $0.7 mark and is currently trading at $0.5773, which is still a surge of over 14.3%. The market cap of the project stands at $128.19 million, after the 24 hour market volume grew by over 418% to $355.62 million.
Also Read: Upbit to List KAITO on KRW, BTC, and USDT Markets