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Upbit, one of South Korea’s largest cryptocurrency exchanges, continues to expand its trading options. According to an official statement from the exchange, the following tokens will be listed on the BTC and $USDT trading markets: PEAQ, Litentry (LIT), Kamino Finance (KMNO), Morpho ($MORPHO), Gram ($GRAM), Lido DAO ($LDO), Pax Gold ($PAXG), Osmosis (OSMO), and Amp ($AMP).
According to the announcement, trading for these assets will begin on June 19th at 3:00 PM. With the new listings, users will be able to buy and sell the relevant tokens using Bitcoin and Tether ($USDT) trading pairs.
The listed projects include notable names operating in the fields of decentralized finance (DeFi), liquid staking, real-world assets, and blockchain infrastructure. In particular, leading projects in the Ethereum staking ecosystem such as Lido DAO ($LDO), the gold-backed digital asset Pax Gold ($PAXG), and the DeFi lending protocol Morpho ($MORPHO) are among those closely followed by investors.
On the other hand, Upbit also released additional information regarding its $AMP and $GRAM tokens. Such listing announcements by exchanges can generally create short-term volatility in the trading volumes and prices of the related assets. Therefore, investors closely monitor market conditions before trading begins.
In the cryptocurrency sector, South Korea-based exchanges, particularly due to the size of their local investor base, can influence global markets with their listing decisions. Upbit’s recent move is considered a significant development that could positively contribute to the liquidity and trading volume of nine different altcoins by increasing their visibility.
*This is not investment advice.