South Korea-based cryptocurrency exchange Upbit has announced that it will be adding support for two new digital assets, Hyperlane (HYPER) and RedStone (RED), on BTC and USDT trading pairs. With the listing of the new assets, investors will be able to buy and sell these tokens via the Upbit platform.
Upbit Announces New Listings for HYPER and RED: Trading Begins in BTC and USDT Pairs
Process Start and Restrictions
The exchange warned users about some restrictions before trading support began:
- Buy orders will be restricted for the first 5 minutes.
- In the first 5 minutes, sell orders cannot be placed at 10% below the previous day’s closing price.
- Only limit orders will be available for the first 2 hours.
Users were asked to check the correct network and contract address before the transaction. It was stated that refunds may take longer for transfers made from faulty networks or incompatible wallets.
Important Contract Addresses
- HYPER contract address: 0x93A2Db22B7c736B341C32Ff666307F4a9ED910F5
- RED contract address: 0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de
Additionally, Upbit emphasized that asset transfers are only allowed through approved wallets and platforms as part of Travel Rule compliance.
What is HYPER (Hyperlane)?
Hyperlane is an open-source interoperability protocol that connects different blockchains, making it possible to send messages between different chains, move tokens, and develop cross-chain applications.
What is RED (RedStone)?
RedStone is a flexible Oracle (data provider) solution optimized for DeFi. Supporting both push and pull models, RedStone provides a lower cost and scalable validation service thanks to its EigenLayer infrastructure.
*This is not investment advice.
