Token

Drift

Solana

Multicoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/upbit-lists-drift-token-and-sparks-significant-price-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Upbit Lists DRIFT Token and Sparks Significant Price Surge</a> 
South Korea’s largest <a href="https://en.coin-turk.com/the-future-of-cryptocurrencies-leading-currencies-in-the-coming-years/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange, Upbit, has listed the DRIFT token, a native currency of the Solana -based decentralized exchange, Drift. Following this development, the price of DRIFT token surged over 500% on Friday. DRIFT is designed for users to trade without relying on centralized intermediaries through the open-source platform known as Drift Protocol.
<h2 style="text-align: justify" id="strong-trading-of-drift-begins-on-upbit-strong">Trading of DRIFT Begins on Upbit</h2>
The Seoul-based Upbit exchange has opened trading for DRIFT. Users can now purchase and sell the DRIFT token, allowing for broader access to a larger investor base.
Drift Protocol offers a margin management system that prioritizes capital efficiency and asset protection. The protocol is designed to enable users to trade more effectively with collateral.
<h2 style="text-align: justify" id="strong-surge-of-the-drift-token-strong">Surge of the DRIFT Token</h2>
Since its launch in May, DRIFT has experienced significant price growth. Support from <a href="https://en.coin-turk.com/robinhood-adds-three-new-cryptocurrencies-for-new-york-users/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> and a substantial investment from Multicoin Capital in September are key factors driving DRIFT’s surge. According to Drift’s whitepaper, the protocol’s advanced cross-collateral risk management system aims to enhance capital efficiency while securing user risks.
On Friday, the DRIFT token reached a record high of $2.60 within 24 hours, climbing from $0.51 on November 8. Currently, it is trading at approximately $1.98.
Support from Coinbase and significant capital investments have contributed to increased attention for DRIFT in the <a href="https://en.coin-turk.com/hot-update-trillion-dollar-giants-crypto-exchange-announces-exciting-news/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>. Its listing on exchanges like Upbit enhances liquidity, enabling it to reach a broader investor demographic.
The advanced risk management and capital efficiency features offered by the Drift Protocol are attractive elements for investors. The future performance of the DRIFT token seems to depend on market conditions and the innovations that Drift Protocol will present.
The post <a href="https://en.coin-turk.com/upbit-lists-drift-token-and-sparks-significant-price-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Upbit Lists DRIFT Token and Sparks Significant Price Surge</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Upbit Lists DRIFT Token and Sparks Significant Price Surge

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