The post WAL Goes Live on Upbit for Trading in KRW, BTC, and USDT – Walrus Secures $140M Funding! appeared first on Coinpedia Fintech News
South Korea’s largest cryptocurrency exchange, Upbit, has announced the listing of WAL trading pairs. WAL, the native token of Walrus, will now be available for trading in Korean won (KRW), Bitcoin (BTC), and Tether (USDT) pairs. This move comes as Walrus, a blockchain storage protocol, secures a massive $140 million in funding, further solidifying its presence in the industry.
WAL Trading Pairs Go Live on Upbit
Walrus, the blockchain storage protocol behind WAL, aims to revolutionize decentralized storage for blockchain applications. By offering an alternative to traditional storage solutions, it hopes to bring greater efficiency and security to the industry.
Upbit’s decision to introduce WAL trading pairs is a major milestone for the Walrus ecosystem. With South Korea being one of the most active crypto markets, the listing is expected to drive significant trading volume.
The inclusion of multiple trading pairs—KRW, BTC, and USDT—allows investors to choose their preferred method of buying and selling WAL, increasing its accessibility. Market analysts believe this listing could enhance WAL’s liquidity and potentially push its price higher, as seen with previous listings on Upbit..
Walrus Secures $140M in Funding
The listing news follows Walrus’ recent announcement of completing a $140 million financing round. This funding highlights strong investor confidence in Walrus, which operates as a blockchain storage protocol.
What makes Walrus even more intriguing is that it comes from the same team behind Sui, a well-known blockchain project. With Sui’s strong reputation, investors are hopeful for Walrus’s success.
However, Upbit has stated that it will take time to ensure sufficient liquidity before full trading support is available. Until then, traders are advised to stay tuned for further updates.
Upbit Deposits and Trading Rules
Upbit has also shared key details regarding deposits and trading restrictions. WAL transactions will only be supported through the Sui network, and users must verify that they are using the correct network before making deposits.
Deposits made before a price is set on CoinMarketCap or trading starts will go through Traveler’s verification, especially for amounts over $1 million.