Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced that it will offer trading support for the new digital asset KITE (KITE) on the KRW, BTC, and USDT pairs.
Upbit announces new list of trading pairs for Kite (KITE)
According to the official announcement, KITE deposits will start at 21:00 on November 3rd, and trading support will start at 22:00 on the same day.
KITE runs on the Ethereum network and only supports deposits and withdrawals via this network. Upbit stressed that users must complete network verification before trading to avoid loss of funds.
He also stated that high-value investments made before the reference price was listed on CoinMarketCap will also be subject to the travel rule (financial transaction monitoring).
The exchange announced that the trading start time may be postponed if sufficient liquidity cannot be secured. As part of the trading restrictions, buy orders will be temporarily disabled for the first five minutes after listing, and orders outside the limit will also be temporarily disabled for two hours.
Kite (KITE) is described as a layer 1 blockchain project that aims to turn artificial intelligence agents into independent economic entities.
The project aims to solve authentication, payment, and trust issues while building a “mathematically secure agent economy” with stablecoin-based payments, programmable governance, and micropayments infrastructure.
KITE tokens will be used to pay for services within the platform and will also be included in staking and governance features in the future.
*This is not investment advice.
