Bitcoin Exchange Upbit Announces It Will List This Altcoin on Its Spot Trading Platform! Here Are the Details

Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced it will be adding trading support for Bittensor ($TAO). According to the announcement, $TAO will be listed on Upbit’s KRW, BTC, and USDT markets. Trading support is scheduled to begin on February 16th at 4:00 PM.

Upbit stated that $TAO deposit and withdrawal operations will be activated within 1 hour and 30 minutes of the announcement’s publication. The exchange also warned users that deposits/withdrawals can only be made via the Bittensor Network. Transfers made via the EVM network will not be supported, and the refund process for such transactions may take a long time.

Trading restrictions will also be applied during the listing process. Accordingly, buy orders cannot be placed for approximately the first 5 minutes after trading opens. During the same period, sell orders that are more than 10% below the previous day’s closing price will also be restricted.

Additionally, for approximately two hours after trading support begins, only limit orders will be accepted; market orders and other conditional order types will be temporarily disabled.

Bittensor is known as a P2P AI network that conducts the training, evaluation, and reward processes of artificial intelligence models in a decentralized manner on the blockchain. The $TAO token is used in the network for payment, staking, governance, and incentive mechanisms.

*This is not investment advice.

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