South Korean crypto exchange Upbit has announced new trading support for Celestia (TIA) and io.net (IO) and expanded its listing services on the Korean won (KRW), Bitcoin (BTC), and Tether (USDT) markets.
Upbit Adds Marketplace Support for Celestia (TIA) and IO.net (IO)
Listing Details
- Celestia (TIA) will be available for trading on KRW, BTC, and USDT trading pairs.
- IO.net (IO) is only supported on BTC and USDT trading pairs.
Upbit advises users to carefully check network compatibility before depositing funds, reminding that deposits cannot be made on unsupported networks and may result in delays or loss of funds.
To ensure market stability during the initial listing, the following restrictions will be implemented:
- Buy orders will be restricted for approximately 5 minutes after trading begins.
- Sell orders priced less than 10% below the previous day’s closing price will be restricted for 5 minutes.
- Only limit orders will be accepted for the first hour after listing.
Reference prices and further updates can be found on Upbit’s official channels.
What is Celestia (TIA)?
Celestia is a modular data availability (DA) network built using the Cosmos SDK. Designed to simplify blockchain deployment, the network enables rollups and Layer 2 solutions to leverage the DA layer.
Celestia uses Data Availability Sampling (DAS) and Namespaced Merkle Trees (NMTs) to increase efficiency and scalability. It is known for helping solve the blockchain triangulation problem thanks to its modular design.
What is IO.net (IO)?
io.net is a decentralized GPU network that aims to provide high-performance computing resources to developers building machine learning applications.
By bringing together over one million GPUs from miners, data centers, and individual users, io.net increases the scalability and efficiency of AI computing infrastructure. The IO token is used for payments, staking, and incentivizing providers of computing resources.
*This is not investment advice.
