On June 27, 2023, Upbit, a well-known global digital asset exchange, will be launching BLUR on its KRW market. However, what makes this announcement somewhat perplexing is that BLUR deposits will only be available on the Ethereum network. This means that users will need to have an Ethereum wallet or address to deposit and trade BLUR.
To add to the confusion, there are several trading restrictions in place for BLUR. Firstly, there will be a temporary ban on buy orders for the first 5 minutes after the launch. Additionally, sell orders will only be allowed if they are below -10% of the previous day’s closing price. This burst of restrictions may lead to some uncertainty and frustration among traders.
Moreover, market and reserved orders will also be restricted for approximately an hour. This could further contribute to the perplexity surrounding the launch of BLUR on Upbit.
Finally, Upbit provides users with deposit guidelines that emphasize the importance of verification. Additionally, they also highlight the investment risks associated with digital assets, ensuring that users are aware of the potential dangers.
Overall, the introduction of BLUR on Upbit’s KRW market seems to come with a high degree of perplexity due to its exclusive availability on the Ethereum network and the various trading restrictions imposed.
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