Upbit, one in every of South Korea’s main cryptocurrency exchanges, introduced that it’s going to record the Korean received (KRW) buying and selling pair for RedStone (RED).
Upbit Provides RedStone (RED) to KRW Market
New transaction help will start at 5:00 PM on September 5, 2025. RED will solely be out there for deposits and withdrawals by way of the Ethereum community; transfers from different networks won’t be supported.
Upbit said that the beginning time could also be delayed relying on liquidity situations on the time of buying and selling opening. There are additionally some buying and selling restrictions traders ought to concentrate on: Purchase orders can be restricted for the primary 5 minutes after buying and selling help begins, and promote orders won’t be positioned for 10% under yesterday’s closing worth throughout the identical interval. Nonetheless, solely restrict orders can be accepted for the primary two hours after buying and selling help begins.
The change warned customers to make use of the right contract deal with (0xc43c6bfe) for deposits. It famous that transfers created from the fallacious community or incompatible exchanges may result in prolonged refund procedures. Moreover, deposits and withdrawals will solely be permitted from private wallets which have undergone “possession verification.”
RedStone (RED) is a undertaking that gives oracle providers to the decentralized finance (DeFi) ecosystem. It goals to steadiness real-time information entry and cost-effectiveness with each push and pull oracle options.
It additionally makes use of the EigenLayer infrastructure to offer safety scalability and scale back transaction prices. The RED token is used for staking, community safety, and information supplier/consumer incentives.
Upbit warned traders that crypto property carry excessive dangers and emphasised that they need to rigorously contemplate their funding choices.
*This isn’t funding recommendation.
