South Korea’s largest crypto exchange, Upbit, will list nine tokens across its Bitcoin and Tether trading pairs, the exchange confirmed in an automated notice on Friday.
The tokens hitting Upbit’s BTC and USDT order books are PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP. The exchange did not specify a precise start time, but listings on Upbit typically go live within hours of the announcement.
For traders on Upbit – which commands a dominant share of Korean won volume – new listings often trigger immediate price spikes. The so-called “Kimchi premium” can inflate demand before arbitrageurs step in. But with pairs offered in both BTC and USDT, the effect may be more muted than a straight won-denominated listing.
Among the group, LDO (Lido DAO) and PAXG (PAX Gold) are already well-known names on major global exchanges. Lido’s liquid staking token is one of the largest by market cap, and PAXG tracks the price of gold. Others such as PEAQ, KMNO, and GRAM are smaller-cap projects tied to specific ecosystems – peaq focuses on decentralized machine economy infrastructure, KMNO powers the Kamino lending protocol on Solana, and GRAM is the native token of the TON-based Gram blockchain.
AMP, originally built for digital collateral on the Flexa payment network, and OSMO, the governance token for the Cosmos-based Osmosis decentralized exchange, have seen mixed price action in prior listing events. Morpho, a lending protocol on Ethereum that optimizes capital efficiency, and Lit Protocol (LIT), a decentralized key management network, round out the batch.
Upbit’s listing spree comes amid a broader recovery in crypto spot volumes on Korean exchanges, which have historically driven outsized retail speculation. The regulatory climate under Korea’s Financial Services Commission remains strict – exchanges must maintain transparent listing criteria and delist coins that fail to meet reporting standards. Upbit’s picks suggest a tilt toward infrastructure and DeFi rather than pure meme plays.
Traders should watch for the exact go-live timestamp. New listings on Upbit often see an initial volatility window of 30–60 minutes as bots and retail traders jockey for position. Slippage can be severe in thinner pairs like KMNO or GRAM, so limit orders are advisable. No official delisting timeline applies to these new markets – standard Upbit policy allows trading as long as the tokens maintain minimum liquidity and disclosure requirements.
Upbit Adds 9 Tokens to BTC, USDT Markets
Upbit will add trading support for PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP in its BTC and USDT markets. This expands trading options for users on the exchange.