Upbit, a South Korean cryptocurrency exchange, issued a recent announcement titled “Information on Preventive Measures for Increased Volatility in the Virtual Asset Market.” This announcement was made on November 15 and addressed concerns about the rising volatility of various digital assets, particularly Bitcoin.
The announcement highlighted that the volatility of these digital assets has significantly increased recently, leading to concerns about investment overheating. Consequently, Upbit advised users to exercise caution when engaging in short-term trading or dealing with unusually high or overheated tokens.
Furthermore, the announcement stressed the importance of being cautious when dealing with digital assets that have significant price differences on domestic and foreign exchanges. In such cases, volatility may increase rapidly due to the entry and exit of virtual assets for profit-making purposes. To help users make more informed decisions, Upbit recommended that members check warning stock and warning token information through the market warning system operated by various domestic exchanges before engaging in trading activities.
