Upbit announced support for Tether Gold (XAUT) trading in KRW, BTC, and USDT markets, intending to expand its cryptocurrency offerings.
The listing could boost XAUT's liquidity, although no official confirmations from Upbit or Tether exist, limiting immediate market insights.
Upbit Eyes Tether Gold Trading with KRW, BTC, USDT
Reports indicate a potential move by Upbit to support Tether Gold (XAUT) trading paired with KRW, BTC, and USDT. This information, however, remains unconfirmed by official channels from both Upbit and Tether.
No announcements from Tether's CEO or Upbit executives have substantiated these claims. Any purported changes or actions in the trading pairs remain speculative, pending concrete official confirmations.
Market Awaits Official Confirmation on XAUT Trading
Communities involved express enthusiasm over increased trading liquidity for XAUT if support materializes. Yet, without concrete confirmation, market sentiment remains cautious. The effect on trade volume and value hinges on credible endorsements from affected parties.
Potentially increased liquidity for XAUT in these markets could bring financial shifts. Yet, absent official data, the technological and regulatory implications of these changes stay speculative, with historical trading data missing to draw firm predictions. As stated in a summary of findings:
No Primary Sources: As of the latest information, there are no announcements or confirmations from Upbit, Tether, or relevant government portals regarding the new trading support for Tether Gold (XAUT) against KRW, BTC, or USDT.
No Precedent for XAUT Listing on Upbit
Upbit, a notable South Korean exchange, previously listed various crypto assets, but without historical parallels for XAUT. Historical reference points lack precedence for expanding gold-backed tokens on this market scale.
Kanalcoin experts suggest the potential outcomes of such listings may boost XAUT visibility. Without confirmation or market data, expectations remain speculative amid typical market volatility seen in similar unverified scenarios.
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