Crypto Quill

Upbit, South Korea’s leading cryptocurrency exchange, has announced the listing of Arkham ($ARKM) on its Korean Won (KRW) market. Trading is set to go live at 16:00 KST on March 11, 2025. With Ethereum as the supported network, users are urged to verify network compatibility before making deposits to avoid processing issues.

Arkham (ARKM) Trading Kicks Off on Upbit’s KRW Market

Upbit’s latest move brings Arkham ($ARKM) to its KRW trading market, expanding access for South Korean traders. The exchange clarified that ARKM deposits and withdrawals will strictly operate via the Ethereum network. Transactions through unsupported networks will not be processed, potentially causing significant delays or losses for users who fail to double-check their transfers.

To incentivize early participation, Upbit is offering a temporary fee waiver for ARKM withdrawals. For the first 24 hours after listing, users can withdraw ARKM without incurring any fees. However, once this period ends, standard withdrawal fees will apply, making it crucial for traders to plan their transactions accordingly.

Trading Restrictions to Ensure Market Stability

Upbit is implementing a few initial restrictions to maintain stability as trading opens. These measures are designed to protect investors from extreme volatility and unintended trades in the early hours of ARKM’s listing.

• Buy orders will be restricted for approximately five minutes after trading begins to prevent initial price manipulation.
• Sell orders priced below 90% of the previous day’s closing price will also be restricted for the first five minutes. This helps curb sudden, large sell-offs that could cause a price crash.
• Only limit orders will be allowed for the first hour of trading, ensuring a more controlled and predictable price discovery process.

These restrictions align with Upbit’s broader policy of mitigating volatility when listing new tokens.

ARKM’s Market Performance and Price Insights

Arkham ($ARKM) has been actively traded on other markets before its Upbit listing. As of the previous day, ARKM was priced at 0.00000596 BTC in the BTC market, which translates to approximately 700.2 KRW. This price gives traders a reference point for ARKM’s market value as it enters the KRW trading space.

Given that cryptocurrency prices can fluctuate rapidly, Upbit users will likely see some movement in ARKM’s price once trading begins. The exchange advises traders to stay updated on real-time market trends before making investment decisions.

Key Considerations for Traders

While ARKM’s listing expands trading options for South Korean investors, Upbit has issued several reminders to ensure smooth transactions.

• Verify the Ethereum network: Upbit will only support ARKM deposits and withdrawals through Ethereum. Using an unsupported network may result in lost or delayed funds.
• Check withdrawal fees: After the 24-hour free withdrawal period, standard fees will be applied.
• Be mindful of trading restrictions: The initial trading rules are temporary but essential for maintaining market stability.

With Arkham’s entry into Upbit’s KRW market, the exchange continues expanding its range of tradable assets, offering users more diverse investment opportunities. Traders eager to engage with ARKM should remain cautious of market fluctuations and Upbit’s trading guidelines.