Listings set for december 9, 2024: Movement Labs’ MOVE token will debut on South Korean exchanges Upbit and Bithumb on December 9, 2024, at 9:00 PM KST. Traders can transact against the Korean won, Bitcoin, and USDT on Upbit, while Bithumb will focus on the Korean won market.
Trading restrictions in place initially: Upbit establishes a minimum selling price of 0.33 USD, 30% lower than recent OTC prices. Immediate buy activities will have restrictions for the first five minutes, extending for about an hour for non-limit orders. These measures aim to control the initial volatility post-listing.
Move token powers Ethereum solutions: Movement Labs leverages Ethereum’s Layer 2, enhancing stability and scalability through MoveVM and EVM integration. MOVE serves KEY platforms roles, including staking, governance, and gas fees. This facilitates Ethereum applications, strengthening the ecosystem. Bitrue will also list MOVE post-Korean exchange debut, offering MOVE/USDT trading.