Company Upbit Lists TOSHI on KRW and USDT Pairs – Deposits via Base Network Enabled

Company Upbit has officially announced the listing of the meme coin TOSHI, opening trading for the TOSHI/KRW and TOSHI/USDT pairs at 3:00 PM on September 17. The announcement highlights that deposits and withdrawals will be available via the Base network within two hours of the listing statement. Investors and traders are urged to pay close attention to the specified network: deposits sent via any network other than the Base network will not be supported, and refunds for such transfers could be delayed or may require extra procedures.

Company Upbit also set temporary trading rules to ensure an orderly market opening. For the first five minutes after trading begins, buy orders will be disabled. During the same initial five-minute window, sell orders will be restricted so that they cannot be placed for more than 10% below the previous closing price. Additionally, for the first two hours only limit orders will be accepted, preventing market orders and helping to reduce extreme price volatility at the moment of listing.

At 11:10 AM on September 17, the latest market price data showed TOSHI trading at 0.8324 KRW and 0.0006025 USDT. The project behind the token has an origin story tied to the crypto community: TOSHI is named after the cat of Mr. Satoshi Nakamoto, widely acknowledged as the pseudonymous creator of Bitcoin, and to the personal connection with Mr. Brian Armstrong, the co-founder of Company Coinbase. The initiative is administered by a community organization, Company Meow DAO, which positions TOSHI as an aspirational official meme coin within the Company Coinbase ecosystem.

The TOSHI ecosystem is expanding beyond token trading into areas such as NFT collectibles and a planned token launchpad called "Toshi Mart". These services indicate that the project intends to build a broader suite of utility and marketing channels to support token adoption and community engagement.

Company Upbit additionally reminded traders to use verified personal wallets when moving funds and warned that unusually large deposits may trigger requests for additional documentation as part of standard anti-fraud and compliance procedures. The exchange reiterated that deposits made outside the specified Base network will not be supported and could result in delayed or complicated refunds.

Traders should consider the exchange-imposed initial restrictions and limited order types when preparing to trade TOSHI, and should carefully choose the correct network to avoid loss of funds. Risk management and awareness of deposit networks and initial trading rules are crucial for participants seeking exposure to newly listed coins.

This article is informational and not investment advice.