Upbit, the largest cryptocurrency exchange in South Korea, has just announced its decision to list Wormhole (W)
Specifically, according to the announcement, the deposit and withdrawal of W Token on the exchange will be opened from 4:00 to 7:00 pm on October 2 (Vietnam time). Meanwhile, the listing time of W/KRW, W/ USDT, W/ BTC pairs will take place at 7:00 pm on October 2 (Vietnam time).
Following this news, the W Token price jumped 30% before correcting to $0.36.
Upbit is one of the largest cryptocurrency exchanges in Korea, with a 24-hour volume of $1.1 billion. Usually when listed on Upbit, the Token prices have positive movements afterwards, such as AXL, ID, GLMR, STG, BCH, BLUR, MINA…
Wormhole is a Cross-chain bridge project built on Solana that allows developers easy and customizable access to Wormhole-powered bridges directly from within the platform or decentralized application (Dapp).
The project solves a problem that many Bridge platforms cannot solve, which is that some specific blockchains cannot interact with each other. It currently supports cross-chain asset transfers between 22 blockchains, including Ethereum, Solana , and Arbitrum.
This Bridge tool has received great attention from special investment funds and has been valued at $2.5B.
