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Upbit to Launch B3-Korean won Trading on May 7

South Korea’s largest crypto exchange said trading for B3, a layer-3 blockchain built on Base (an Ethereum layer-2 blockchain), will begin at 13:45 local time.

Summary

Upbit, South Korea’s largest crypto exchange, said it will list a Korean won trading pair for B3, with trading scheduled to start at 13:45 local time on May 7. The exchange described B3 as a layer-3 blockchain built on Base (an Ethereum layer-2 blockchain). Listings on major exchanges can improve token accessibility and local market liquidity by giving users a direct fiat trading route.

Terms & Concepts
  • Layer-3 blockchain: A blockchain network built on top of another scaling layer, typically designed to support specialized applications or lower-cost transactions.
  • Layer-2 blockchain: A scaling network built on top of a base blockchain to help process activity more efficiently and reduce costs.
  • Trading pair: A market that allows users to exchange one asset for another, such as a token against the Korean won.