Upbit Delays Listing of Four Altcoins in South Korea

The listing includes both BTC and USDT pairs for the BICO, BMT, NIL, and GWEI tokens. Upbit did not provide a specific reason for the three-hour delay, though it cautioned that further postponements remain possible if deposit levels fail to meet internal liquidity requirements. The exchange warned users that transfers must strictly adhere to designated networks: BICO, NIL, and GWEI require Ethereum, while BMT is restricted to Solana.

Trading will commence with temporary safeguards to mitigate volatility. For the first five minutes, buy orders are restricted, and sell orders priced more than 10% below the reference closing price will be blocked. Additionally, only limit orders will be permitted for the first two hours of market activity. Upbit maintains strict compliance protocols, noting that large deposits may trigger requests for source-of-funds evidence, and transfers from exchanges failing to meet Travel Rule standards may face processing delays.