Korea’s Crypto Exchange Upbit has announced new trading support for Celestia (TIA) and IO.NET (IO) and expanded its listing services in the Korean WON (KRW), Bitcoin (BTC) and Tether (USDT) markets.
Upbit adds market support for Celestia (TIA) and IO.NET (IO)
List details
- Celestia (TIA) is available for trading in 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 them that they are unable to make deposits on unsupported networks, which can lead to delays and losses in funds.
The following restrictions are implemented to ensure market stability during the first list:
- Purchase orders will be limited for approximately 5 minutes after trading begins.
- Sales orders priced below 10% of the previous day’s closing price will be limited for five minutes.
- Only limit orders will be accepted for the first hour after the listing.
Reference prices and other updates can be found on Upbit’s official channel.
What is Celestia (TIA)?
Celestia is a modular data availability (DA) network built using the Cosmos SDK. Designed to simplify blockchain deployment, networks leverage DA layers using rollup and layer 2 solutions.
Celestia uses Data Availability Sampling (DAS) and Named Merkle Tree (NMT) to improve efficiency and scalability. Thanks to its modular design, it is known for helping to solve blockchain triangulation problems.
What is IO.NET (IO)?
IO.NET is a distributed GPU network aimed at providing high-performance computing resources to developers building machine learning applications.
By bringing together over 1 million GPUs from Miner, Data Center and individual users, IO.NET increases the scalability and efficiency of your AI computing infrastructure. IO tokens are used to pay, staking and incentives for providers of computing resources.
*This is not investment advice.