Upbit has announced the listing of IRYS and opened trading for KRW, BTC, and USDT pairs

BlockBeats News, May 15th. South Korean cryptocurrency exchange Upbit announced the listing of a new digital asset, IRYS, and opened trading for the KRW, BTC, and USDT pairs.

According to the announcement, IRYS's deposit service will be available approximately 1.5 hours after the announcement, and trading will officially begin at 8:00 PM on May 15th (KST). This asset only supports deposits and withdrawals based on the Ethereum network.

During the initial trading period, various restrictions will be implemented, including a limit on buy and sell orders in the first 5 minutes, a price floor restriction, and support only for limit orders within about 2 hours to reduce price volatility risk.

The IRYS project positions itself as a "Programmable Datachain," aiming to address issues such as low on-chain data efficiency, unstable costs, and centralization risks through a unified data storage and execution layer. It adopts a hybrid consensus mechanism and a cost-stability model to enhance network predictability.