Three Potential Memecoins Upbit May List Soon: What You Need to Know
Upbit, the largest cryptocurrency exchange in South Korea, has been following a strategy of listing promising digital assets, giving its users more options to explore. Recently, tokens listed on Upbit have experienced explosive price increases just moments after the announcements, making them a hot topic for investors.
Given Upbit’s track record, the next moves from the exchange are closely watched by traders, as these listings often lead to unexpected profits. As a result, there is growing anticipation for upcoming listings.
In light of this, experts have identified three potential memecoins that could be listed on Upbit in the near future. According to DeSpread, Upbit has achieved a rare feat by listing a memecoin on two consecutive days. However, South Korea’s regulations require exchanges to meet specific criteria before listing any altcoin.
One of these regulations is that the coin must have been operational for at least two years. Based on this, the three memecoins that could potentially be listed on Upbit soon are Pepecoin (PEPE), Bonk (BONK), and Brett (BRETT).
At present, it’s clear that these listing regulations are in place to protect investors from fraud and sudden price fluctuations, ensuring a safer trading environment. As these memecoins are gaining attention, Upbit’s upcoming decisions will likely have a significant impact on the market, offering fresh opportunities for those keeping a close watch.
Sandali Handagama is CoinDesk’s deputy managing editor for policy and regulations, EMEA. She is an alumna of Columbia University’s graduate school of journalism and has contributed to a variety of publications including The Guardian, Bloomberg, The Nation and Popular Science.