[Upbit] SonicSVM(SONIC) New Trading Support Announcement (KRW, BTC, USDT Markets) (Notice of Delay in Deposit and Withdrawal Opening)

> Update Date: 2025-01-07 19:35

Hello. This is Upbit, the most trusted global standard digital asset exchange.

During the preparation process for the SonicSVM(SONIC) deposit and withdrawal service, an issue requiring further confirmation has arisen, and thus the opening of deposits and withdrawals has been delayed.

The opening time for deposits and withdrawals will be further announced through this notice one hour before the opening.

Thank you.

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Hello. This is Upbit, the most trusted global standard digital asset exchange.

We are pleased to announce the support for new digital asset trading as follows.

It is expected that securing sufficient liquidity for stable trading support of SonicSVM(SONIC) will take some time. Therefore, Upbit will provide additional guidance on the trading support time through this notice one hour before the trading support time, once sufficient liquidity is secured within the exchange.

| Digital Asset | Market | Network | Deposit Opening Time | Trading Support Opening Time |

|--------------|----------------|--------|--------------|------------|

| SonicSVM(SONIC) | KRW, BTC, USDT | Solana | Scheduled for January 7, 20:00 | To be announced later |

* SonicSVM(SONIC) supports deposits and withdrawals through the Solana network. * Please note that all SONIC deposits before the reference price is registered on CoinMarketCap or before the Upbit SONIC trading support time, regardless of whether the converted amount exceeds 1 million won, are subject to Travel Rule verification. * Be sure to check the network before depositing digital assets. Deposits and withdrawals through networks other than the announced network are not supported. ### ※ Trading Restrictions Notice - Buy Limit: Buy orders will be restricted for about 5 minutes after trading support begins. - Minimum Sell Limit: The reference price for the minimum sell limit will be announced through an additional notice one hour before the trading support. - Order Type Restriction: All types of orders except limit orders will be restricted for about 1 hour after trading support begins. ### ※ Deposit Precautions Deposits that cannot be reflected may take a long time for the return process, so please carefully check the precautions - Deposits and withdrawals are supported only through the announced network (SONIC-Solana). Be sure to check the network before depositing. - To comply with the Travel Rule, if assets are deposited to Upbit through an exchange not included in the [List of Virtual Asset Service Providers](https://upbitcs.zendesk.com/hc/ko/articles/5048002559897), they cannot be reflected, and deposits that cannot be reflected may take a long time for the return process. - Deposits and withdrawals are only possible to a personal wallet address that has completed 'Ownership Verification', and even if it is a deposit through a linked personal wallet, it may be necessary to process the deposit return depending on the network of the asset. - In the case of large digital asset deposits with unclear sources, a statement of the source of funds may be requested. (Terms of Use Article 17, Paragraph 8) ### ※ Additional Digital Asset \\SONIC (SonicSVM Sonic SVM)\\ > SonicSVM (Sonic SVM) is a Solana rollup network that emerged to solve potential Solana network congestion issues during future on-chain game development and to revitalize the Solana gaming ecosystem. SonicSVM supports the construction of game-specific rollups on Solana using its self-developed HyperGrid system. > Homepage: [SonicSVM Official Homepage](https://www.sonic.game/) > X (formerly Twitter): [SonicSVM Official X](https://x.com/SonicSVM) > Whitepaper: [SonicSVM Official Whitepaper](https://docs.sonic.game/) ✽ If the digital asset is not displayed on the PC, please refresh (F5) and check again. ✽ If the digital asset is not displayed on the Upbit App, please click More > Screen Settings > Refresh Coin Information and check again.

Investment Risk Notice

• Digital asset investments can be exposed to rapid price fluctuations due to speculative demand and changes in domestic and international regulatory environments. The responsibility for investment decisions in this digital asset lies with the individual, and any potential losses are also borne by the investor. Please carefully refer to the project homepage and disclosure materials to fully understand the characteristics of digital assets and trade cautiously.

• Due to the nature of digital asset trading, price differences between domestic and international exchanges are continuously occurring. Please be sure to pay attention to the price differences with global exchanges before investing in digital assets.

• Upbit is taking various measures such as minimum order amount restrictions to create a stable trading environment, but due to the overheated investment environment, some members may be exposed to order stabilization messages. This is an unavoidable measure to process the orders of members who ordered first and to provide stable services, so please be aware of this.

※ Virtual assets are high-risk products and may result in the loss of all or part of the investment.

*This information is automatically generated.