AI-Powered Agent Economy Launches on Upbit with KITE Listing

Upbit, one of South Korea's largest cryptocurrency exchanges, has announced the listing of Kite (KITE) in KRW, BTC, and USDT. The exchange will begin accepting deposits at 21:00 on November 3, with trading support commencing at 22:00 the same day. Users are required to complete Ethereum network verification prior to trading, as KITE operates exclusively on the Ethereum blockchain.

The listing comes with several restrictions. Buy orders will be temporarily disabled for the first five minutes after the asset's debut, and out-of-limit orders will be restricted for two hours. Upbit also noted that the trading start time may be delayed if liquidity is insufficient. The exchange emphasized compliance with the Travel Rule, stating that high-value transactions before the reference price is set on CoinMarketCap will fall under financial transaction monitoring.

Kite (KITE) is positioned as a Layer-1 blockchain project aiming to establish an "agent economy" where artificial intelligence (AI) agents function as independent economic entities. The platform seeks to address authentication, payment, and trust challenges through stablecoin-based transactions, programmable governance, and micropayment infrastructure. The KITE token will serve dual purposes: facilitating service payments and enabling future staking and governance roles.

Upbit's decision to list KITE reflects growing interest in AI-driven blockchain projects, particularly those addressing interoperability and decentralized governance. The exchange's cautious approach—highlighting network verification requirements and liquidity safeguards—underscores the sector's ongoing focus on risk mitigation amid regulatory scrutiny.

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