Upbit lists Lighter’s LIT in South Korean won market

Upbit will add a South Korean won trading market for Lighter’s LIT token at 1:00 pm KST on Aug. 24, according to an official exchange announcement. Summary Upbit will open LIT trading against South Korea’s won at 1:00 pm KST August 24. Deposits and withdrawals are supported only through Ethereum using Upbit’s specified LIT contract address exclusively. Buy orders will remain restricted for approximately five minutes after KRW trading begins on Upbit. Only limit orders will be available during the first two hours of trading support initially. LIT staking grants access to Lighter’s liquidity pool and can provide platform fee benefits currently. The LIT/KRW listing will allow Upbit customers to purchase the token directly with won. LIT was already available through Upbit’s Bitcoin market, which provided the reference price used to establish the new market’s opening restrictions. Upbit listed LIT’s previous BTC market closing price as 0.00004500 BTC, equivalent to approximately 4,803 won. The figure is a reference for initial order controls and does not guarantee the token’s opening price in the won market. The exchange warned that trading could be postponed if it fails to secure suffi...