TLDR
- Upbit will support MEGA trading on KRW, BTC, and USDT markets.
- MEGA deposits will open through the MegaETH network only.
- Trading is scheduled to start on April 30 at 20:00 KST.
- Buy orders will be restricted for about five minutes after launch.
- MEGA is used for governance, staking, and gas fee support.
Upbit will add MegaETH, also known as MEGA, to its spot trading markets. The exchange will support MEGA/KRW, MEGA/BTC, and MEGA/USDT pairs.
Deposits and withdrawals will use only the MegaETH network. Upbit said users must check the network before sending funds.
Trading is scheduled to begin on April 30 at 20:00 KST. Deposits are expected to open at 19:00 KST on the same day.
Trading Rules and Deposit Conditions
Upbit said buy orders will be limited for about five minutes after trading starts. The exchange will also restrict some order types during the early trading period.
Only limit orders will be allowed for about two hours after launch. Upbit said the base price for the lowest sell order limit will be announced before trading starts.
The exchange also warned users about unsupported deposits. Funds sent through other networks may not be credited.
Upbit said MEGA deposits may face travel rule checks before reference prices become available. This applies before MEGA trading begins on Upbit.
MegaETH Project and MEGA Token Use
MegaETH is an EVM-based Layer 2 blockchain. It claims to process more than 100,000 transactions per second.
The project says it aims to provide millisecond-level response times. It uses a high-performance sequencer and integrates EigenDA for data availability.
MEGA is used for governance, staking, and gas fee support. These uses connect the token to activity across the MegaETH network.
Upbit described MegaETH as a real-time blockchain built for EVM users. The exchange also urged users to review project details before trading.
Market Access Through Upbit
The listing gives MEGA direct access to Korean won trading. This may make trading easier for South Korean users.
KRW pairs are closely watched in the local crypto market. They allow users to trade without first using BTC or USDT.
However, Upbit warned that digital assets carry high risk. Prices may move quickly because of market demand and regulatory changes.
The exchange said each investor is responsible for trading decisions. It also advised users to compare prices across global exchanges before trading.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
