Upbit to List MMT Trading Pair Against Korean Won
Following Upbit’s announcement of MMT/KRW trading set for November 5, MMT briefly hit $1.5 before settling at $1.42, reflecting immediate market reaction to the news.
Summary
According to Upbit’s official announcement, the MMT/KRW trading pair will go live on November 5, offering South Korean traders the ability to directly exchange MMT for the Korean Won. News of the listing caused MMT’s price to briefly surge to $1.5 before retreating to $1.42, based on HTX data. This development is expected to enhance fiat liquidity and expand Upbit’s range of digital asset offerings.
Terms & Concepts
- Trading Pair: A market where two different assets are traded directly against each other, such as MMT/KRW.
- Korean Won (KRW): The official currency of South Korea, used in crypto exchanges for local fiat transactions.
- Upbit: A major South Korean cryptocurrency exchange offering various digital asset trading pairs.