CoW Protocol’s Native Token Surges 46% Following Upbit Listing Announcement

CoW Protocol’s native token, COW, has experienced a significant price surge of 46% after South Korean exchange Upbit announced its listing on the platform. The listing, scheduled for February 25, has led to a substantial increase in the token’s value.

Listing Details and Price Movement

The Ethereum-based token will be available for trading on the Korean won, Bitcoin, and Tether markets. Users can begin depositing COW on Upbit at 19:30 KST, with trading support commencing at approximately 20:30 KST. Shortly after the announcement, COW’s price soared to a peak of $0.46 in daily trading, with the current trading price at $0.43.

According to the Upbit notice, the previous day’s closing price for COW was around 418 Korean won or equivalent to $0.29. In the past week, COW has seen a rise in value by 34.2%, but it has experienced a decrease by nearly 30% in the past month.

Market Capitalization and Trading Volume

The CoW Protocol native token has a market capitalization of $173.6 million and a fully diluted valuation of $420 million. In the past 24 hours, COW’s trading volume has seen a significant increase of 568.60% to $114 million, indicating a substantial rise in trading activity.

Trading Restrictions and Order Types

Buy orders for COW will be restricted for five minutes after trading support begins. Additionally, all types of orders, except for limit orders, will be restricted for an hour after trading support commences. Sell order prices are capped at a minimum of 10% less than the previous day’s closing price.

About CoW Protocol

The CoW Protocol is a decentralized trading platform with an intent-based aggregator as its main service. It also provides features like Maximal Extractable Value (MEV) blockers, Remote Procedure Call (RPC) solutions, and Automated Market Makers (AMMs). COW is the CoW Protocol’s native token and is used for governance.

Investors should always conduct thorough research and consider their own risk tolerance before making investment decisions.

For more news on the cryptocurrency market and updates on decentralized trading platforms, visit Global Crypto News.

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