Upbit announced the listing of ZKsync (ZK) on its spot trading platform. Trading pairs will include ZK/KRW, ZK/BTC, and ZK/USDT. Deposits and withdrawals for ZK will be supported via the ZKsync Era network and activated roughly 1 hour and 30 minutes after the announcement.
Trading in ZK/KRW, ZK/BTC, and ZK/USDT pairs is scheduled to begin on January 6 at 6:30 PM, with deposits and withdrawals activated around 90 minutes after the announcement and transfers limited to the ZKsync Era network. Temporary trading restrictions will be imposed to maintain market stability, including disabled buy orders for the first five minutes and sell orders below 10% of the prior day’s close; only limit orders will be allowed for the first two hours.
CoinMarketCap data show ZK trading around 50 KRW, after closing at 48.67 KRW the previous day, with similar moves seen in BTC and USDT pairs. ZKsync is a leading Layer-2 solution built on ZK Rollup technology to improve Ethereum scalability. Industry experts believe the Upbit listing could spur broader interest in the ZKsync ecosystem. The ZK token is used for governance within the ecosystem.
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