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XCN Jumps More Than 76% After Upbit Listing Boosts Trading Interest

According to Upbit's official announcement, the exchange added an Onyxcoin (XCN) trading pair against the South Korean won, a move that coincided with XCN rising more than 76% to $0.008.

XCN

Summary

Upbit announced that it would list Onyxcoin (XCN) in its South Korean won market, adding direct fiat access for the token on one of South Korea’s largest digital asset exchanges. Following the listing, XCN climbed more than 76% to $0.008, with the move appearing to be linked to increased visibility, liquidity, and trading interest generated by the new KRW-denominated market.

Terms & Concepts
  • Exchange listing: The addition of a token to a trading platform, allowing users to buy and sell it more easily and often increasing market visibility.
  • Trading pair: A market that lets users exchange one asset for another, such as Onyxcoin (XCN) against the South Korean won.
  • Liquidity: The ease with which an asset can be traded without causing a large change in its price.