Upbit, certainly one of South Korea’s main cryptocurrency exchanges, has introduced it would checklist Redstone’s (Purple) Korean Received (KRW) buying and selling pairs.
Upbit provides Redstone (Purple) to the KRW market
New transaction assist will start on September fifth, 2025 at 5pm. Purple solely presents deposits and withdrawals by way of the Ethereum Community. Transfers from different networks should not supported.
Upbit stated the beginning occasions might be delayed relying on liquidity circumstances on the opening of the transaction. There are additionally buying and selling restrictions that traders want to acknowledge. For the primary 5 minutes of buying and selling assist, buy orders can be restricted, and gross sales orders is not going to be positioned 10% under yesterday’s closing value throughout the identical interval. Nonetheless, solely restricted orders can be accepted for the primary two hours after buying and selling assist begins.
The trade warned the person to make use of the proper contract handle (0xC43C6BFE) for the deposit. We famous that transfers created from the improper community or incompatible trade may result in lengthy refund procedures. Moreover, deposits and withdrawals are permitted solely from the pockets of people who’ve undergone “possession verification.”
Redstone (Purple) is a venture that gives Oracle providers to the distributed finance (DEFI) ecosystem. It goals to stability real-time information entry and cost-effectiveness.
It additionally makes use of the Eigenlayer infrastructure to offer safety scalability and scale back transaction prices. Purple tokens are used for staking, community safety, and information supplier/person incentives.
Upbit warned traders that crypto belongings are extremely dangerous and emphasised that funding selections needs to be fastidiously thought-about.
*This isn’t funding recommendation.
