Upbit and OKX, two major exchanges, announced the listing of new tokens on their respective platforms, potentially driving new adoption and utility across the cryptocurrency ecosystem.
What Happened: Upbit, South Korea's largest crypto trading platform, has added the Astar ASTR/USD Korean Won (KRW) trading pair to its offerings.
ASTR, the utility token of the Astar network, is notable for its multifaceted role in the blockchain ecosystem, including dApp staking, NPoS staking, trading, on-chain governance, and Layer 2 functionalities.
ASTR has been trading at 0.1454 USDT, marking a 24-hour gain of 81.75%, before paring about half of its gains.
The listing, which includes support for recharges exclusively on the Astar Network, began at 5 pm Korea Standard Time.
On the other hand, crypto exchange OKX has introduced Artyfact ARTY/USD to its spot trading markets.
Artyfact is recognized as a next-generation gaming metaverse and a pioneer of so-called GameFi (game finance) activities.
The schedule for ARTY trading includes deposits opening at 10:00 am UTC on Dec. 18, 2023, spot trading for ARTY/USDT pairs commencing at noon UTC on Dec. 21, and withdrawals becoming available at 10:00 am UTC on Dec. 22.
Artyfact's total supply is capped at 25 million, with its contract address provided for interested parties.
The ASTR token's inclusion in Upbit's portfolio signifies the growing interest and confidence in the Astar network's capabilities within the crypto community.
The network's innovative approach to blockchain technology, particularly in supporting both EVM and WASM in smart contract platforms, has garnered significant attention.
Why It Matters: OKX's listing of the ARTY token reflects the increasing traction of metaverse and gaming-related digital assets in the cryptocurrency market.
The Artyfact metaverse represents a fusion of gaming and finance, a trend that has been gaining momentum in the blockchain space.
Read Next: SEC's Lack Of Action On Crypto Regulation Triggers Coinbase's Legal Challenge
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