Upbit to List Block Street (BSB) on KRW, BTC, USDT Markets

Published: 2026-08-07 05:02:40 |

Upbit will list Block Street (BSB) and open spot trading on KRW, BTC and USDT markets on Aug. 7, 2026 (3:00 p.m. KST). The exchange will initially support BSB deposits and withdrawals via the Ethereum network only, using contract 0xdb6ba5d510f114f9b2ea08bea7d30e32eee33411. To manage early volatility, Upbit will apply staged trading controls after the listing start. Buy orders are blocked for about five minutes. During the same period, sell orders priced more than 10% below the previous day’s closing price are restricted. For roughly two hours after trading begins, only limit orders will be allowed. Upbit also warned the launch time could shift if sufficient liquidity is not secured, and users must avoid transferring BSB through unsupported networks to prevent delayed or lengthy return processes. Block Street positions BSB as its utility and governance token, tied to staking and ecosystem incentives. Its documentation states total supply is 1 billion BSB, with 207.75 million tokens (20.775%) expected to circulate around the token generation event. The project also previously announced an $11.5 million strategic funding round (Oct 2025). For traders, the key near-term catalyst is BSB’s controlled opening at 15:00 KST, where order restrictions may dampen immediate price discovery. Liquidity and correct ERC-20 contract usage (ETH) remain the main execution risks.

Neutral

Neutral. A listing on a major exchange can attract attention and incremental demand for BSB, but Upbit’s conditions (Ethereum-only deposits/withdrawals, liquidity-dependent timing, and staged trading restrictions) are designed to reduce uncontrolled volatility. Similar “restricted opening” cases on large venues often lead to a choppy, liquidity-driven initial price discovery rather than a one-directional breakout. Short-term, traders may see lower-than-usual momentum because buys are paused briefly and limit-only is enforced for about two hours, while the exchange caps certain sell behaviors. That can dampen extremes but also increase spread and short-term whipsaw risk as orders reprice once restrictions lift. Long-term, the impact will depend less on the headline listing and more on whether BSB builds sustained spot liquidity on KRW/BTC/USDT and whether token utility (governance, staking, incentives) translates into real user demand. If liquidity fails to materialize, the delayed/adjusted start could reduce immediate speculative participation and keep price action muted.