Recently, Upbit announced that it will list Axelar (AXL) and open trading for the AXL/BTC pair on its platform on December 7, 2023. Upbit had previously opened AXL deposits three hours before the listing.
Similar to the listing of Space ID (ID) on November 30th, Upbit’s decision to list AXL has attracted attention from both traders and investors. This move drove the token’s price up to $1.1, marking an 80% increase in just 15 minutes. At the time of writing, AXL has experienced a slight correction and is trading around $0.97.
Upbit is known as one of the largest cryptocurrency exchanges in South Korea, with a 24-hour trading volume of $1.1 billion. Lately, when tokens get listed on Upbit, they tend to show positive price movements, as seen with tokens like GLMR, STG, BCH, BLUR, MINA, and others. Therefore, it’s a good idea to keep an eye on Upbit’s listing announcements and token offerings.
As for Axelar Network, it’s a blockchain that provides a solution for secure communication between various blockchains in the growing Web3 market.