- Optimism’s listing on Upbit sparks significant market interest.
- Price of OP token surges by over 8%.
- 100 more liquidity and investor accessibility for OP token.
Optimism (OP) surged over 8% after listing on Upbit, a South Korean exchange. The listing, which began at 16:30 KST on July 28, 2025, expanded OP’s liquidity through new trading pairs, boosting its market cap above $1 billion.
The listing on Upbit marks a considerable enhancement in investor accessibility for the OP token. Market sentiment shifted positively as the token’s price responded to its new availability on a major exchange, highlighting Upbit’s influence.
Optimism (OP), a prominent Ethereum Layer-2 scaling solution, gained a new platform to engage with South Korean investors via Upbit’s trading pairs. The decision was executed without formal statements from Optimism’s or Upbit’s leadership as of the release.
Trading for OP/KRW, OP/BTC, OP/USDT commenced at 16:30 KST (July 28)
The immediate listing resulted in a price increase for OP, with a peak at $0.8013, marking a substantial growth in the token’s market value. The initiative bolstered OP’s liquidity with new trading pairs in KRW, BTC, and USDT.
Bitcoin (BTC) and Ethereum (ETH) displayed minor declines unrelated to the OP event, while on-chain data noted an increase in OP’s market cap to over $1 billion. Meanwhile, existing VASP/FSC oversight in South Korea continues to regulate such exchange operations.
Future implications include increased investor interest and potential integration into broader financial markets. Historical trends suggest that following listing-induced surges, subsequent price corrections may occur as early profit-takers sell. This pattern is consistent with common short-term altcoin market behaviors.
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