The announcement of Upbit, South Korea’s largest cryptocurrency exchange, to list Axelar (AXL) created movement in the price.
Cryptocurrency exchange Upbit on December 7 cross-chain protocol Axelar native token Will list AXL on Bitcoin (BTC) explained. Listing process December 7 TSI 10.30 will take place in its waters.
Upbit, which often stands out with the strong upward waves it creates on altcoins, created a similar effect for AXL. With the impact of the listing news, AXL quickly 70% rising $0.62 from level for $1.06 reached.
In the statement made by the stock exchange, AXL deposits were made only For Ethereum (ETH) network While it was stated that it was supported, it was emphasized that there would be no alternative other than Bitcoin parity for now.
Upbit supported Binance at the end of November SPACE ID (ID) Likewise, by listing it on Bitcoin parity, it created a similar effect on the price. In terms of volume Asia’s -most big one of the stock exchanges Upbit, with its strong influence on altcoins, 2023 managed to stand out in the year.
According to CoinGecko data, AXL, which has increased by 65% in the last 24 hours, is at the time of writing. It is trading at $1.03.