Upbit, the largest cryptocurrency exchange in South Korea, has declared its endorsement of additional trading pairs for Taiko (TAIKO). This move aims to enhance the accessibility of the budding cryptocurrency by introducing TAIKO trading on the KRW, BTC, and USDT markets.
Upbit to Support Taiko (TAIKO) New Trading Pairs, Including USDT, BTC, and KRW Markets
Taiko is a layer 2 Ethereum ZK-Rollup network created to improve the Ethereum blockchain's scalability and lower transaction costs.
Zero-knowledge rollups, or ZK-Rollups, are used by the network to execute multiple transactions off-chain, which boosts throughput and efficiency.
Ethereum co-founder Vitalik Buterin suggested the first block in advance of the Taiko mainnet, marking a significant turning point for the project. This certification demonstrates the Taiko network's inventiveness and promise as it approaches full implementation.
It is anticipated that the inclusion of TAIKO trading pairs on Upbit would boost the token's acceptance and liquidity, giving investors in South Korea and beyond additional ways to get involved in this exciting venture.
The move by Upbit is a reflection of the increased interest in layer 2 solutions and their potential to help huge blockchain networks like Ethereum with their scalability problems.
Upbit stays ahead of the curve in the cryptocurrency space by assisting creative projects and providing its consumers with a wide range of trading options.
Upbit's dedication to developing its platform and satisfying the demands of its worldwide user base is demonstrated by the introduction of TAIKO trading pairs.
June 2024, Cryptoniteuae