Upbit to list GRVT in KRW, BTC and USDT pairs on Aug. 5
Trading is scheduled to begin at 17:00 KST, with Ethereum-only transfers, staged order limits at launch and a possible delay if initial liquidity is insufficient.
Upbit said on Aug. 5 that it will list Grvt's GRVT token in KRW, BTC and USDT spot markets, with trading scheduled to start at 17:00 KST. The exchange said deposits and withdrawals were expected to open within two hours of the notice through Ethereum only, and published the GRVT contract address for verification. At launch, buy orders will be blocked for about five minutes, sell orders more than 10% below the previous closing price will be restricted during the same period, and only limit orders will be accepted for roughly two hours. GRVT rose about 23.3% over 24 hours to around $0.3235 before the new markets opened, with volume above $164 million, though the token was already trading on other exchanges including OKX, Bitget, Bybit and Bithumb. Upbit said the opening may be delayed if deposits do not provide enough liquidity.
- limit orders: Orders to buy or sell only at a specified price or better, rather than at the current market price.
- Layer 2: A network built on top of another blockchain to improve speed, capacity or costs while relying on the underlying chain.
- ZKsync: A scaling technology used to build blockchain applications with faster and potentially cheaper transactions.