Korea’s largest crypto exchange Upbit is reportedly launching GIWA, an Ethereum Layer-2 chain, as Asian crypto adoption accelerates alongside China’s continued diversification from US dollar assets.
Trading volume for World Liberty Financial (WLFI) derivatives spiked over 530% to $3.95 billion, as Binance, Upbit, and Bithumb announced listing.
ENA gained more than 20% following its listing on Upbit, as the DeFi giant tightened its grip on the synthetic dollar sector with an 81% market share.
The latest Upbit listing announcement brought impressive momentum to the prices of Balance and Axelar, as it typically happens when the South Korean exchange lists tokens.
Upbit’s support for the Sui-based DeepBook brought huge attention to the token as its price skyrocketed in minutes.
FIL witnessed a major price surge after its listing on Upbit exchange, along with a notable surge in development activity.
The hype around its listing on Upbit has sent CoW Protocol native coin soaring by more than 50%.
South Korea’s FIU imposed a partial suspension on Upbit, restricting new users, while Dunamu’s CEO and executives face disciplinary action.
Upbit announced the addition of JTO to its KRW market, with trading commencing at 14:30 local time, on Fenruary 21.
Upbit faces potential fines for identity verification failures, as South Korea tightens regulations and explores institutional crypto investments.
Crypto exchange trading volume reached $18.83 trillion in 2024, rising 134% from 2023, with Binance leading and Crypto.com growing rapidly.
In addition to Upbit, VIRTUAL has been listed on major platforms including Bithumb, Bybit, and KuCoin, bolstering its accessibility for both South Korean and global investors.
The FSC intends to develop a regulatory framework for stablecoins and expedite the next phase of virtual asset legislation, which includes regulating the issuance and listing of virtual assets.
The listing of VeThor Token (VTHO) on Upbit fueled a dramatic 230% price increase and a 5000% surge in trading volume.
South Korea’s Financial Intelligence Unit (FIU) is moving to suspend Upbit for failing to meet anti-money laundering (AML) obligations and violating KYC standards.