Upbit, South Korea’s largest cryptocurrency exchange, has been strategically listing promising digital currencies, giving its users more options. Notably, the tokens Upbit has listed recently have experienced explosive price increases just minutes after the announcements.
As a result, the exchange’s next moves are closely watched by investors and traders, as they often yield unexpected profits.
In this context, experts have identified that only three memecoins are likely to be listed on Upbit in the coming days.
According to DeSpread, Upbit has achieved a rare feat by listing a memecoin on two consecutive days. With the country’s regulations, exchanges in South Korea must meet certain criteria before listing an altcoin.
One of these criteria is that the token must have been in operation for at least two years. Therefore, the only three memecoins that Upbit could list in the near future are Pepecoin (PEPE), Bonk (BONK), and Brett (BRETT).
At this point, it can be said that the regulations exchanges must comply with are designed to protect investors from fraudulent activities and sudden price fluctuations.
