Gate News message, April 21 — A South Korea-based cryptocurrency exchange announced the listing of BASED token on its spot trading platform, with trading against the South Korean won (KRW). Deposit and withdrawal operations are scheduled to begin approximately one hour after the announcement, with trading set to commence today at 17:00 KST at an initial reference price of 167 won. The token will be transacted via the Ethereum network.
The exchange has implemented trading restrictions for the new listing. Buy orders will be suspended for the first 5 minutes after trading begins. During the same period, sell orders will be limited to a range between 10% below and 100% above the reference price. Only limit orders are permitted for the first two hours of trading.
The exchange cautioned investors about transfer risks, noting that recovering assets could take considerable time in cases of incorrect network usage. It also reminded users that under travel regulations, transfers are only supported through compliant exchanges. Investors are advised to carefully examine project details, as crypto assets carry high risk.
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