CoinEfficiency

Upbit Lists SUI Token on KRW and BTC Markets

Upbit announces SUI token listing with trading limitations and deposit requirements for KRW and BTC markets.
Published on 2023-05-03

Upbit Lists SUI Token

Upbit has introduced the SUI token to its KRW and BTC markets. This new listing allows users to engage with the SUI token, although certain limitations remain in place.

Mainnet Deposits Only

Currently, Upbit supports only mainnet deposits for the SUI token. Deposits from networks like BSC are not allowed. This restriction is crucial for users to note to ensure smooth transactions.

Travel Rule and Deposit Procedures

The travel rule applies to all SUI deposits before its registration on CoinMarketCap, irrespective of the deposit value. Upbit plans to share detailed deposit and withdrawal procedures following an evaluation of the network situation.

Initial Trading Limitations

Trading limitations are in effect during the initial phases. Specifically, buy orders are restricted during the first five minutes of trading. The market price during this period will be announced later, reflecting prices on other exchanges. Furthermore, market orders and reservations for Buy/Sell will face restrictions for roughly one hour after market support.

Self-Verification for Withdrawals

Upbit requires users to have a self-verified personal wallet address to deposit and withdraw assets. This measure ensures additional security and compliance with the platform’s policies.

SUI Token Market Overview

SUI (IOU) is already listed on CoinMarketCap, trading at $2.51. It is available on exchanges like BitForex, Hotbit, DigiFinex, and SuperEx. Recently, the token reached a high of $3.19. With an initial circulation of 528,273,717 SUI, its total supply is capped at 10 billion.

What is Coinefficiency?

Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.

Why Use Coinefficiency?

  • Advanced market analytics to identify trading opportunities.
  • Compare markets relative performance.
  • Understand market cycles over time. See market levels.
  • Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.

With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.

Get Started with Coinefficiency

Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.