Altcoin Listed on South Korea’s Largest Cryptocurrency Exchange Experienced a 200 Percent Surge

Upbit, South Korea's largest cryptocurrency exchange, announced that it will list a new altcoin.

According to the official announcement, the CreditCoin (CTC) altcoin will start trading in the Korean Won pair on Upbit as of today.

CTC, which was traded at $ 0.20 before the listing, instantly rose to $ 0.95, and after the decline it experienced, it is trading at approximately $ 0.60 at the time of writing this article. With the price stabilizing, the CTC price gained 200% in value after the Upbit listing.

4-hour chart showing the rise in CTC price.

In November, Upbit became the world's second largest cryptocurrency exchange in terms of spot cryptocurrency volumes, after Binance.

Creditcoin is a token launched in 2017 and Upbit had previously listed the Bitcoin trading pair of CTC. In the early days, he was focusing on his lending business. It claims to have recently branched out into real-world assets (RWA) and turned into an NPos chain.

CTC is traded on major exchanges Bybit, OKX and Kucoin and is not listed on Binance or Coinbase.

*This is not investment advice.