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Upbit to List SynFutures Trading Pairs in KRW and USDT on October 21

The Korean exchange adds SynFutures to its listings, with trading scheduled to begin at 4:00 p.m. local time, expanding derivatives-related offerings.

USDT

Summary

Upbit announced the upcoming listing of SynFutures (F) trading pairs denominated in KRW and USDT. Trading will begin on October 21 at 4:00 p.m. local time. SynFutures is a decentralized derivatives platform utilizing the 'Oyster AMM' mechanism to improve liquidity management, allowing both professionals and retail investors to participate effectively.

Terms & Concepts
  • SynFutures: A decentralized derivatives trading platform allowing users to trade a variety of synthetic assets using automated market mechanisms.
  • AMM (Automated Market Maker): A protocol enabling decentralized exchanges to operate without traditional order books by using liquidity pools for asset pricing.
  • Decentralized Derivatives: Financial contracts traded on blockchain platforms without intermediaries, offering exposure to various underlying assets.