UpBit, South Korea’s premier cryptocurrency exchange, has recently declared the inclusion of Big Time (BIGTIME) and Akash Network (AKT) to its trading catalog. This strategic movement aims to broaden the scope of trading pair options available to its clientele, enhancing user engagement by catering to their diverse preferences. Following the announcement, both digital currencies experienced a noteworthy upswing in market price.
Broader Trading Options Introduced
UpBit’s latest expansion allows traders to engage with new markets, as Big Time will be paired with Bitcoin (BTC) and Tether (USDT), and Akash Network will be available for trading against both Bitcoin and the US dollar. The decision underscores UpBit’s ongoing commitment to diversify its offerings, ensuring traders have access to a wide array of cryptocurrencies.
Market Reaction: Price Surge Post-Listing Announcement
The market responded positively to UpBit’s announcement, with significant price increases for both listed cryptocurrencies. Big Time’s value soared by 25%, hitting a peak of $0.25, accompanied by a dramatic 314% boost in trading volume. Despite a slight price adjustment, Big Time continues to trade robustly. Similarly, Akash Network witnessed a 65% surge in its value, reaching $6.71, with trading volume escalating by 871%.
Implications for the Reader
- Traders can explore new investment avenues with Big Time and Akash Network’s recent listings.
- Potential for significant returns exists, exemplified by the sharp price increases following UpBit’s listing announcements.
- Monitoring trade volumes may provide insights into the market’s reception and stability of these altcoins post-listing.
This development not only benefits the traders with more diverse trading options but also reflects positively on UpBit’s reputation as a leading exchange that continually adapts to meet the demands of the digital currency ecosystem. Users are encouraged to stay updated with UpBit for more such opportunities.