Upbit Lists Nervos Network: CKB Price Surges 18% in 24 Hours

Coinspeaker
Upbit to Add Nervos Network: CKB Surges Remarkable 18%

Upbit, one of the top four digital asset trading platforms in South Korea, has revealed plans to list CKB, the native token of the Nervos Network. This announcement has triggered an impressive rally of 18% for the altcoin over the past 24 hours, significantly uplifting its market capitalization and trading volume.

As stated in an announcement from Upbit on Friday, CKB will be available on the cryptocurrency exchange starting September 13th at 10:00 UST. The company also clarified that “deposits and withdrawals can only be made to a personal wallet address for which ‘ownership verification’ has been completed,” adding:

“Even if the deposit is made through a linked personal wallet, the deposit may need to be returned depending on the network of the asset in question.”

It is noteworthy that, according to CoinMarketCap data, Upbit ranks as the fifth largest cryptocurrency exchange by spot trading volume, which stands at $1.4 billion. The exchange supports only the Korean won and provides a total of 213 coins for its users. It is preceded by Bybit and followed by Kraken.

Upon the listing of Nervos Network (CKB) on Upbit, buy orders will be limited for a duration of five minutes to mitigate extreme market volatility. Additionally, sell orders will be capped at a price not exceeding 10% below the previous day’s closing price for the same five-minute period. Finally, transactions at market price and pre-orders will be restricted for approximately one hour following the listing.

Notably, Upbit has made several altcoin listings this year to amplify its trading volume. In May, the Korean exchange added Beam (BEAM) to its trading platform, and in July, it included support for Ethereum Name Service (ENS). The exchange also launched trading for BIGTIME, UXLINK, and Aether’s ATH tokens.

Nervos Network (CKB) Price Analysis

Nervos Network (CKB) has increased by 18.8% and is currently trading at $0.0106, experiencing a substantial 589.60% surge in trading volume, totaling $119 million. Furthermore, the altcoin’s market valuation is $475 million, placing it as the 115th largest cryptocurrency on CoinMarketCap.

Over the past week, CKB has climbed 38.45%, while in the last 30 days, it has risen 23.12%. Nervos Network has achieved an impressive 301.90% increase since September of the previous year, outpacing the majority of other cryptocurrencies in the digital asset market.

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Upbit to Add Nervos Network: CKB Surges Remarkable 18%