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<ul> 
 <li>Upbit introduces SEI to KRW and BTC markets for trading.</li> 
 <li>SEI deposits supported from Sei Network, with restrictions on transactions.</li> 
 <li>SEI is the native token of Sei blockchain for the DeFi sector.</li> 
</ul> 
<p><a href="https://upbit.com/" target="_blank" rel="noopener noreferrer nofollow">Upbit</a>, a renowned global digital asset exchange, is set to include new digital assets in its trading offerings. The latest addition is SEI, available in the KRW and BTC markets. SEI deposits are exclusively supported from the Sei Network, excluding other networks like BSC.</p> 
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   <p lang="en" dir="ltr">South Korea's largest exchange, Upbit, will list the Binance Launchpool project Sei's Korean won and bitcoin trading pairs. SEI is a rare non-EVM public chain that uses the Cosmos technology stack. <a href="https://t.co/M0TcOCVA4o" rel="noopener noreferrer nofollow">https://t.co/M0TcOCVA4o</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1691022279516508160?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 14, 2023</a> 
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<p>In detail, the <a href="https://cryptonewsland.com/south-koreas-upbit-fuels-bch-surge-with-record-trading-volume/" target="_blank" rel="noopener noreferrer nofollow">South Korean crypto currency exchange</a> is eager to bring SEI trading options to their users. In fact, the SEI deposit/withdrawal support on Upbit will commence at 21:00 KST on August 15, 2023.&nbsp;</p> 
<p>While SEI’s deposit support begins, it’s important to consider that all SEI deposits between the initiation of deposit support and the registration of its reference price on <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> or before the support for Upbit SEI trading becomes operational will be subjected to the Travel Rule solution verification.</p> 
<p>Thus, to ensure a <a href="https://cryptonewsland.com/cryptocurrency-shake-up-upbit-and-okx-challenge-norms-redefine-the-game/" target="_blank" rel="noopener noreferrer nofollow">secure trading environment</a>, Upbit restricts certain actions when adding new digital assets. Firstly, it will communicate the start of transaction support timing separately.</p> 
<p>Secondly, buy orders will be temporarily limited for about 5 minutes during new digital asset additions. Thirdly, market price and pre-orders will be restricted for approximately an hour.</p> 
<p>Therefore, it is advised to verify your account’s inclusion in Upbit’s supported deposit and withdrawal virtual asset providers before initiating deposits. Also, Upbit urges caution in digital asset investment due to market volatility.</p> 
<p>Specifically, SEI is a native token associated with the Sei layer 1 blockchain, focusing on the DeFi sector. The project aims to establish a foundation for decentralized finance, offering a transaction execution engine for DApps within its network. SEI is utilized for transaction fees, validator staking, on-chain governance, and digital asset transactions within the network.</p> 
<p>To highlight, <a href="https://blockworks.co/news/sei-network-with-70m-in-ecosystem-funding-looks-east" rel="noopener noreferrer nofollow">Sei</a> is the first transaction-supported project in Korea and internationally. The calculation of SEI’s market price might be challenging due to its absence from other exchanges. Therefore, cautious investment is recommended.&nbsp;</p> 
<p>More so, the initial supply of circulating tokens is 1,800,000,000 SEI, constituting about 18% of the total supply of 10,000,000,000. As the network operates post-launch, there might be fluctuations in deposits and withdrawals from overseas exchanges due to network stability. It’s advised to be mindful of these factors when initiating transactions.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/upbit-debuts-egld-trading-pairs-south-korea/" rel="noopener noreferrer nofollow">Upbit Launches EGLD Trading Pairs, Boosts Altcoin Market</a></li> 
 <li><a href="https://cryptonewsland.com/el-salvadors-first-step-to-issue-bitcoin-volcano-bonds/" rel="noopener noreferrer nofollow">El Salvador`s First Step To Issue Bitcoin Volcano Bonds</a></li> 
 <li><a href="https://cryptonewsland.com/upbit-announces-the-launch-of-the-btc-blur-trading-pair/" rel="noopener noreferrer nofollow">Upbit Announces the Launch of the BTC/BLUR Trading Pair</a></li> 
 <li><a href="https://cryptonewsland.com/metal-dao-mtl-becomes-the-new-memecoin-for-south-korea/" rel="noopener noreferrer nofollow">Metal Dao (MTL) Becomes the New Memecoin for South Korea</a></li> 
 <li><a href="https://cryptonewsland.com/upbit-lists-soccer-team-fan-tokens-on-the-chiliz-chain/" rel="noopener noreferrer nofollow">Upbit Lists Soccer Team Fan Tokens on the Chiliz Chain</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/upbit-announces-introduction-of-sei-to-krw-and-btc-trading-markets/">Upbit Announces Introduction of SEI to KRW and BTC Trading Markets</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Upbit Announces Introduction of SEI to KRW and BTC Trading Markets

Crypto News Land

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