Key Takeaways
- Upbit announces the addition of CYBER/KRW and CYBER/USDT trading pairs.
- CYBER focuses on building a decentralized Web3 social networking infrastructure.
- The listing is expected to boost CYBER’s liquidity and visibility in the global crypto market.
Upbit Adds CYBER/KRW and CYBER/USDT Trading Pairs
Upbit who is the largest cryptocurrency exchange in South Korea has made the announcement of listing of CYBER along with two new trading pairs that are CYBER / KRW and CYBER / USDT. With this step, Upbit is not only reaffirming its pledge to equip its customers with a wide range of digital assets but also signaling its support for the projects that have the potential to become the future of Web3 innovation.
CYBER is a decentralized, blockchain-powered social network project designed to provide the users with a reliable and fully decentralized social networking infrastructure in the Web3 era. The idea is to offer the users a chance to completely regain the ownership rights of their online interactions, data, and identities and at the same time, let go of those dominant centralized platforms that currently rule the social media space.
Actually, after these two trading pairs are added to the Upbit market, its users will be able to trade CYBER directly against the South Korean won (KRW), and also against Tether, a U.S. dollar-pegged stablecoin (USDT) making it a lot easier for local and international traders to have access to the market.
CYBER’s Role in Web3 Social Networking
CYBER is the project that is going to be the future of social networking just like any other next generation online networking project. It applies blockchain technology to provide users with a safe, censorship-resistant, and fully transparent environment for all interactions, thus making it very attractive for the growing community that is looking for decentralized alternatives to the existing social media platforms.
The listing on Upbit will probably give CYBER more liquidity, users, and investor trust. Given Upbit’s large and well-established5 user base in South Korea, as well as its global crypto reputation, this step could be very important for the project’s uptake.
Summary
Upbit’s listing of CYBER/KRW and CYBER/USDT marks a strategic move to support1 innovative blockchain projects in the Web3 space. CYBER’s mission to create a decentralized social networking infrastructure aligns with the crypto industry’s shift toward greater user autonomy and privacy. The listing is expected to improve market accessibility, liquidity, and visibility for the token.
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