Korea’s enthusiastic market
Upbit, South Korea’s largest cryptocurrency exchange, recently listed the brand SPACE ID (ID) as a BTC-denominated currency pair. Following the listing news, ID temporarily soared 30% and is currently 10% higher than the previous day.
SPACE ID is the 30th Launchpad (IEO) issue on the Binance exchange and is listed on Binance. This project is a decentralized naming service that allows the issuance of a single Web3 ID to collectively manage IDs and decentralized domains from different chains, and is expected to be used in the Metaverse and dApps.
The listing of stocks on the Upbit exchange and news of additions to currency pairs often cause the prices of the stocks to soar. Upbit has an 80% market share in South Korea and dominates the liquidity of the country’s virtual currency market, and other major exchanges such as Bithumb are also used.
connection: Newly listed on Korean Bithumb including Web3 game “Big Time”