South Korean Crypto Exchanges Upbit and Bithumb Will Add Berachain (BERA) to Its Listings on Feb. 6

Two South Korean crypto exchanges announced that they will start providing trading support for new layer1 blockchain Berachain's upcoming token, BERA.

South Korean crypto exchanges Upbit and Bithumb announced that they will start offering trading support for new layer1 blockchain Berachain’s upcoming token, BERA.

Trading support on both exchanges will begin simultaneously on Feb. 6 at 22:00 KST.

Users can only deposit and withdraw BERA through the new Berachain mainnet that will be launched on the same day as its token.

Berachain is an Ethereum (ETH) Virtual Machine-compatible layer 1 blockchain that is equipped with a Proof-of-Liquidity consensus mechanism.

Bithumb will offer trading support for BERA only on its Korean won markets.

Additionally, buy and sell orders for BERA will be restricted for the first five minutes of trading and at a limit of less than 10% and more than 100% of the standard price.

Automatic orders will be available after the first transaction is completed.

On Upbit, BERA will be available for trading with Korean won, Bitcoin (BTC) and Tether (USDT).

However, the exchange also warned users that the trading support start time may change depending on whether BERA has sufficient liquidity for trading.

Berachain initially started off as an NFT project called Bong Bears, but has since grown into an entire blockchain ecosystem that is set to debut on Feb. 6.

In other Upbit listing news, the exchange will also be adding Solana-based Jito (JTO) and Scroll (SCR) to its platform.

Both JTO and SCR will be available for trading on Feb. 6 at 18:00 KST with trading support provided for only BTC and USDT markets.

According to data from crypto.news, Scroll received a major boost after the Upbit announcement.

In the past 24 hours, SCR went up by more than 15%, it is currently trading hands at $0.68.

Within the past week, the token has barely gone up by 0.71%.

On the other hand, the Upbit listing did not affect JTO’s price by much.

In the past 24 hours, the token went up by only 0.28% and has remained on a downhill trend of 15.8% in the past seven days.