Upbit Shakes Up Crypto Market: Four New Altcoins Just Listed—Here’s What You Need to Know
Upbit just dropped four fresh altcoins into its trading arena—expanding its digital asset roster and giving traders new playgrounds for speculation.
Market Impact: Immediate Price Surges
Expect volatility—new listings often trigger buying frenzies. These four tokens are now accessible to one of Asia’s largest retail trading bases.
Behind the Move: Strategic Expansion
Upbit isn’t just adding coins—it’s positioning. More listings mean more volume, more fees, and more influence. Classic exchange playbook—expand now, profit later.
Regulatory Dance: Walking the Fine Line
Every new listing comes with regulatory scrutiny. Upbit’s playing it smart—curating assets that fly under the radar but still attract volume. Because nothing says 'innovation' like avoiding the FSA’s naughty list.
Trader Takeaway: Opportunities and Risks
New listings mean new chances—but also new risks. Pump? Probably. Dump? Always a possibility. Stay sharp, do your own research, and maybe avoid betting the farm on day one hype.
And remember—in crypto, more coins usually mean more ways to lose money faster. But hey, that’s half the fun, right?
Four Altcoins Will Join Upbit Today
According to the official announcement, the four altcoins will be available to trade against Tether (USDT) and Bitcoin (BTC). Furthermore, Upbit added that ETHFI, RESOLV, and SPK will be supported on the ethereum (ETH) network. Meanwhile, INIT will be supported on the Initia network.
“The SPK supported today is a different asset from the SPARK previously airdropped by Upbit,” the announcement reads.
Upbit has implemented temporary restrictions to ensure market stability during the initial phase of trading. Buy orders will be suspended for approximately five minutes after launch.
The exchange will also restrict sell orders priced more than 10% below the previous day’s closing price for the same period. For the first two hours, Upbit will only permit limit orders.
Ahead of the official launch, the four tokens are already showing activity in secondary markets. ETHFI climbed from $1.61 to $1.69, marking an approximately 5% increase. At the time of writing, it settled at $1.65 at press time, up 2.6% since Upbit’s announcement.
RESOLV saw the highest gains of 11.4%, advancing from $0.158 to $0.176. It was last trading at $0.16, still 1.8% higher. INIT ROSE from $0.39 to $0.43. This represented a 10.26% jump, before easing back to $0.39, maintaining a 1.1% uptick.
Lastly, SPK moved from $0.061 to $0.067, an increase of 9.84%, and was priced at $0.062 at press time, up 2.4%. The moderate gains highlight investor anticipation ahead of the tokens’ official listing.
Notably, the listing of these four altcoins comes amid a busy period for major exchanges. On September 18, Upbit listed Lombard (BARD), joining other global platforms in supporting the token.
Coinbase also launched BARD-USD spot trading the same day. Finally, Bithumb added trading support for BARD against the Korean Won.
Despite these listings, BARD’s performance has been volatile. BeInCrypto Markets data showed that the token dropped 45% over the past 24 hours, with trading activity dominated by Upbit and Binance.