Upbit Launches PEPE/KRW Trading Pair with New Restrictions

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Upbit, South Korea’s largest cryptocurrency exchange, officially launched a PEPE/KRW trading pair on November 14, 2024, enhancing accessibility for Korean investors. Trading is supported on the Ethereum network, with specific order types and pricing restrictions to stabilize initial trades. For example, buy orders are limited for the first five minutes, and sell orders below 10% of the previous day’s closing price are restricted initially. Only limit orders are permitted for the first hour to prevent excessive volatility. Additionally, deposits and withdrawals must strictly comply with network and travel rule regulations to ensure secure transactions.