The Graph (grt) 
Two major South Korean crypto exchanges, Upbit and Bithumb, are set to list the utility token MOVE on December 9, with trading scheduled to begin at 21:00 KST. The simultaneous listing on both exchanges will provide users with greater access to the token.
Upbit Listing Details
Upbit’s listing of MOVE will allow users to trade the token with Korean won, Bitcoin, and Tether. Deposits and withdrawals for the token will be available only through the Ethereum network. The exchange has set a minimum sell price limit for MOVE at $0.33 USD or equivalent to 464.5 KRW, which is 30% below the previous day’s lowest over-the-counter trading price.
Upbit has also implemented certain restrictions on trading to prevent market volatility. Buy orders for MOVE will be restricted for around five minutes after trading support opens, while all orders except limit orders will be restricted for around one hour after trading support begins.
Bithumb Listing Details
Bithumb’s listing of MOVE will be available only on the won market. Users can begin depositing or withdrawing MOVE three hours after the notice was posted on Bithumb, which was around 17:30 KST. Trading support for the token will start on December 9 at 21:00 KST, but the time is subject to change depending on launch circumstances.
Bithumb has not determined the base price for MOVE, but the exchange has received 33 deposit confirmations for the token. Similar to Upbit’s policy, buying orders for MOVE will be restricted for around five minutes after trading opens, while selling orders for MOVE are restricted for five minutes after trading opens, with prices limited to 10% below the standard price and more than 100% above the standard price.
About Movement Labs and MOVE
Movement Labs is an Ethereum layer 2 solution that supports MoveVM and EVM transactions. These features allow developers to maintain compatibility with existing Ethereum applications while providing benefits such as high stability and high scalability.
MOVE is Movement Labs’ utility token, used for staking, delegation, governance events, and gas fee payments.
For more news on cryptocurrencies and investing, visit Global Crypto News.
