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WAL Goes Live on Upbit for Trading in KRW, BTC, and USDT – Walrus Secures $140M Funding!
South Korea’s largest cryptocurrency exchange, Upbit, has officially listed WAL trading pairs. This significant move enables the cryptocurrency to be traded in Korean won (KRW), Bitcoin (BTC), and Tether (USDT) pairs.
The announcement comes on the heels of Walrus, a blockchain storage protocol, securing an impressive $140 million in funding. This substantial investment highlights strong investor confidence in the project’s potential for growth.
The addition of multiple trading pairs—KRW, BTC, and USDT—will increase accessibility and provide investors with more options to buy and sell WAL. Market analysts predict that this listing may lead to enhanced liquidity and potentially push the price of WAL higher, mirroring previous experiences on Upbit.
In related news, Walrus has secured $140 million in funding, bolstering its position within the blockchain storage solutions space. The company’s roots are intertwined with Sui, a well-known blockchain project, which instills confidence in potential investors and further solidifies its place within the industry.
While trading support will be available shortly, Upbit advises that it may take time to ensure sufficient liquidity before full support is provided. Traders are urged to monitor updates for further information regarding deposit and trading restrictions.
In a notable announcement, Upbit also disclosed details on deposits and trading regulations. Transactions involving WAL will only be supported through the Sui network, with users required to verify that they are using the correct network prior to making any deposits. For transactions exceeding $1 million in value, additional verification procedures will be enforced by Traveler’s, ensuring the security of all trades.
With the successful launch on Upbit and the substantial funding secured, Walrus appears poised for significant growth.
Source: https://coinpedia.org/news/wal-goes-live-on-upbit-for-trading-in-krw-btc-and-usdt-walrus-secures-140m-funding/
