Upbit Lists IP Token on KRW Spot, BTC and USDT Markets
Upbit has added the IP token to its KRW spot market and existing BTC and USDT trading pairs. Deposits and withdrawals for IP token are now open ahead of the launch. The listing creates direct IP/KRW trading, boosting liquidity and trading volume. Traders should watch order-book depth, price spreads and potential volatility or arbitrage opportunities. Upbit’s continued expansion of KRW spot offerings may draw new demand from domestic investors and enhance IP’s market stability over the long term.
Bullish
Listing on Upbit’s KRW spot market improves IP token liquidity and accessibility. Historical data shows that new exchange listings often lead to short-term price surges driven by increased trading volume and arbitrage. The direct KRW pair may attract domestic traders, boosting demand. In the long term, deeper liquidity and a broader investor base can support price stability and positive sentiment. Overall, this news is bullish for IP token.