- Main event involves Upbit launching API3 trading pairs.
- API3 now tradable in KRW and USDT.
- Ethereum network exclusively supports API3 trades on Upbit.
Upbit launched API3 trading with KRW and USDT pairs on August 19, 2025, marking a major step in South Korea. Trading only supports the Ethereum network, with initial restrictions including a buy freeze and limit order requirement.
Upbit, a major cryptocurrency exchange in South Korea, has launched trading for API3 in KRW and USDT pairs. The trading began on August 19, 2025, solely supported via the Ethereum network.
API3 trading on Upbit signifies expanding access to decentralized API solutions in South Koreaโs cryptocurrency market. The new listing reflects growing interest in decentralized finance.
Market Impact and Restrictions
Upbitโs addition of API3 marks a significant milestone for the tokenโs exposure in South Korea. Trading commenced with specific restrictions to control initial market volatility. API3 offers decentralized API services for the Web3 ecosystem. The listing facilitates Korean investorsโ access to API3, encouraging local interest in decentralized finance.
โAPI3 will only support deposits and withdrawals via the Ethereum network. Transactions will begin at 5:00 PM on August 19th. Buy orders will be restricted during the first five minutes of trading, and sell orders will not be allowed for prices 10% below the previous closing price. Only limit orders will be valid for the first two hours.โ
API3โs integration into Upbitโs platform introduces implications for related markets and investors. The use of Ethereum for API3 transactions links regulated exchanges with decentralized networks. Upbitโs decision might spark interest in similar projects. This can notably influence liquidity trends within South Korean financial markets.
Future Prospects
Pathways for API3โs future may involve increased demand, heightened market volatility, and regulatory attention. Historical data suggests that new listings like API3 tend to evoke short-term price fluctuations. Market observers await improvements in the DeFi space, driven by such integrations.
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