Axelar(AXL) New Listing on Upbit

Upbit adds following digital asset on BTC market

• BTC Market : AXL

※Notice on market support and deposit

• The deposit for AXL will open within 3 hours of the announcement.
• AXL : Upbit only supports Ethereum network for deposit. (Deposits from the other networks ex) Axelar, Polygon cannot be supported.)
• According to the Terms of service article 17, paragraph 8, above certain amount of deposits can be audited and these audits include analyzing the flow of funds. Please understand that your deposit can not be reflected on your account if the audits are not completed.
• When trading AXL check the following limitations beforehand.

1. AXL Trading opens at : 2023-12-07 18:00 KST (estimated time).
2. Buy orders are limited for the opening about 5 minutes. . AXL : Based on the closing price (0.00001411 BTC) of CoinCarp in previous day, sell orders lower than -10% will not be allowed.
3. Buy/Sell orders at Market price and reservations for Buy/Sell order are limited for about an hour after the market support.

• According to CoinCarp, the prices of digital asset is as below. Please be noted to the high volatility before investing in digital assets. . AXL : 0.00001421 BTC (2023. 12. 7. 13:50 (KST))

※Important Notes on Deposit Service

• Due to Travel Rule Implementation, deposits that are off the list of exchanges linked with VV needs to go through a review process for reflection. Return process for deposits that have not been reflected to the account may take a lengthy period of time. *Reference : [Important] Important notes on the deposit/withdrawal service following the Travel Rule implementation
• Please check whether Upbit supports deposit/withdrawals with the following exchange. *Reference : List of exchanges available for deposit/withdrawal service
• You can only deposit or withdraw your digital assets from/to a personal wallet address that has gone through a self-verification process. Even for the deposits from a linked personal wallet, return of the deposit may be necessary depending on its network.

※Investment risk guide

• Digital asset investment can be subject to rapid fluctuation of price due to speculative demand and changes in domestic and overseas regulatory environment. It is investor's responsibility to judge the investment, and any loss that may arise is attributable to the investor. Fully understand the characteristics of the digital asset and we ask you to invest with it caution. Upbit strongly recommends that you do your own research, referring the website and disclosures of token projects before making any financial decisions.
• Due to the nature of digital asset market, difference in market price between domestic and foreign exchanges may occur. Please make sure to pay attention to the difference in the market prices from the global exchange before investing in digital assets.
• Upbit takes various measures to create a stable trading environment, such as a limit of minimum order amount, but some users may be exposed to order stabilization messages depending on the overheated investment environment. Please note that this is an inevitable measure for a stable service after processing the orders of the users who ordered first.

[New digital asset]

~~AXL (Axelar)~~
Axela is a blockchain created using the Cosmos SDK, which provides solutions that enable communication between various blockchain networks. Underlying technology of Axelar enables asset transfer and message transfer between networks in a decentralized manner. AXL, the native token of Axelar, is required for staking to act as a validator, and is also used for transaction fees and governance engagement for use of the Axelar network.

Hompage : AXL Official Hompage
X(formerly Twitter) : AXL Official X
Whitepaper : AXL Official Whitepaper
Digital Asset Report : AXL Digital Asset Report

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