South Korea’s main cryptocurrency exchanges, Upbit and Bithumb, have introduced they’ll checklist the community-focused meme coin undertaking SPX6900 ($SPX) on their platforms. In response to the bulletins, $SPX might be accessible to buyers in each Korean received (KRW) and varied cryptocurrency buying and selling pairs.
In response to an announcement by Upbit, the SPX6900 will start buying and selling on June sixteenth in KRW, BTC, and USDT pairs. Buying and selling is scheduled to start at 2 PM on June sixteenth, with deposits and withdrawals opening inside two hours of the announcement. The asset will solely be supported on the Ethereum community; transfers from different networks won’t be accepted.
Bithumb additionally introduced on the identical day that it might checklist the SPX6900 on the Korean received market. In response to the change, buying and selling will start on June sixteenth at 5:00 PM. The reference worth is ready at 515 received, and deposits and withdrawals might be activated inside two hours of the announcement.
Each exchanges said that the usual safety measures utilized to new listings may even apply to $SPX. Accordingly, purchase orders might be restricted for the primary 5 minutes after buying and selling begins. Moreover, solely restrict orders might be allowed for a restricted interval, and varied restrictions might be utilized to promote orders to stop extreme worth actions.
SPX6900 is described as a meme coin undertaking constructed on web humor and group tradition, referencing the S&P 500, one of many best-known indices of conventional monetary markets. The undertaking revolves round a story satirizing monetary markets and funding tradition, whereas noting that the token has no auxiliary use instances.
With the current resurgence of curiosity in meme coin tasks inside the cryptocurrency sector, the choice by South Korea’s two largest exchanges to checklist SPX6900 on the identical day has drawn consideration. Analysts notice that listings on high-volume platforms like Upbit and Bithumb typically enhance the visibility and liquidity of the asset.
*This isn’t funding recommendation.
