Bitcoin Exchange Upbit Announces Listing of This Altcoin on its Spot Trading Platform! Here Are the Details

South Korea-based cryptocurrency exchange Upbit has announced the addition of another digital asset to its listings. According to the exchange’s statement, Pharos will be available for trading in KRW, $BTC, and $USDT pairs. Trading is scheduled to begin on May 8, 2026, at 2:30 PM Turkish time.

Upbit emphasized that the $PROS token will only support deposits and withdrawals through the Pharos network. Users were warned that assets could be lost if transfers were made through different networks. It was also announced that deposit and withdrawal transactions would be activated within 1 hour and 30 minutes of the announcement’s publication.

The exchange also announced that the standard trading restrictions it applies to new listings will also apply to $PROS. Accordingly, buy orders will be restricted for approximately 5 minutes after trading begins.

During the same period, sell orders below 10 percent of the previous day’s closing price will also not be allowed. For approximately two hours, only limit orders will be supported.

According to the data shared in the announcement, as of 6:15 PM on May 8th, $PROS was trading at 990.89 Korean won, 0.00000845 $BTC, and 0.6759 $USDT.

The Pharos project is described as an EVM-compliant Layer-1 blockchain network using an asynchronous BFT-based PoS consensus algorithm. Thanks to its parallel transaction architecture, the project focuses on Web3 applications and the tokenization of real-world assets.

The network is being developed with a capacity of approximately 30,000 transactions per second, a block production time of less than 1 second, and an infrastructure designed to support billions of users. The $PROS token will be used for transaction fees, staking, and ecosystem incentives.

*This is not investment advice.