South Korea-based digital asset exchange Upbit has announced new transaction support for Meteora (MET2), one of the prominent projects in the Solana ecosystem.
Upbit now supports Meteora (MET2) trading on KRW, BTC, and USDT markets
By being listed on the KRW, BTC, and USDT pair, MET2 will reach a wide range of investors. According to Upbit, MET2 deposits and withdrawals will be activated within two hours of the announcement. Spot trading support will begin on November 18th at 5pm.
Upbit has warned users to ensure they are trading on the Solana network before depositing MET2. Transfers from other networks are not supported and refunds for such erroneous transfers may take time. Additionally, the MET2 symbol was specifically chosen as MET2 to avoid confusion with Metronome (MET), which previously discontinued trading support.
Along with the listing, various trading restrictions will also be implemented. Buy orders are limited to the first five minutes of trading, and sell orders 10% below the previous closing price are not allowed during the same period. Please note that only limit orders will take approximately 2 hours. Upbit advised users to closely monitor price limits, which are determined based on CoinMarketCap data.
Meteora stands out as a DeFi infrastructure that offers innovative liquidity solutions using DLMM and DAMM mechanisms on Solana. MET2 tokens will serve as rewards for initial liquidity providers and can be used for staking and management within the ecosystem in the future.
*This is not investment advice.
