South Korea’s leading cryptocurrency exchanges, Upbit has announced the listing of two digital assets, Jito (JTO) and Arkham (ARKM). The listing announcement has prompted significant surges in both tokens’ prices and market activity.
Upbit Listing Effect: $JTO, $ARKM Surges
Upbit’s statement informs that deposits and withdrawals will be conducted at 17:00 (Korean time) via the ARKM-Ethereum network for Arkham. According to the announcement, users are advised to be cautious and follow the correct network guidelines to avoid non-returnable deposit issues.
Upbit has imposed some transaction limits for better security. This includes a buy limit restriction for approximately 5 minutes after trading begins, and restrictions on sell orders below 10% of the previous day’s closing price.
The ARKM token, listed with BTC and USDT trading pairs, saw an immediate surge of over 10%, reaching a trading value of $0.7166. The market cap of $ARKM also rose by over 9%, now sitting at $160.52 million, with a notable jump in its 24-hour trading volume, which surged by 106%, currently standing at $142.41 million.
In addition to ARKM, JTO (listed at 14:30 KST on February 21), also witnessed an impressive price increase following the announcement. After the listing, $JTO surged by 22%, reaching a high of $3.44, and has currently settled at $3.11. The market cap of $JTO grew by 18%, hitting $924.32 million. Note that the BTC market for $JTO recorded the previous day’s closing price at 0.00002857 BTC (4,163 KRW).
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