- API3 trading pairs now available on Upbit with KRW and USDT.
- API3 experiences an 85% price surge post-announcement.
- Trading restrictions include limit orders to prevent volatility.
Upbit, South Korea’s largest crypto exchange, officially announced the listing of API3 with trading pairs against KRW and USDT starting August 19, 2025, at 17:00 KST.
The listing led API3’s price to surge over 85%, significantly increasing trading volume, reflecting strong market interest and potential volatility in the Korean cryptocurrency market.
This development on Upbit is expected to impact Ethereum-based liquidity and draw attention from the decentralized finance sectors. It shows how major listings can influence market dynamics and spur interest in new crypto assets.
API3’s Trading Debut on Upbit
Upbit, South Korea’s largest crypto exchange, has announced the listing of API3 trading pairs against KRW and USDT. Trading begins today at 5:00 PM KST, and deposits are processed through the Ethereum network only. The official statement from Upbit emphasized:
“API3 will only support deposits and withdrawals via the Ethereum network. If users transfer funds via the wrong network, the process for refunding their assets may take longer. Transactions will begin at 5:00 PM on August 19th.”
Managing these transactions is crucial as users must ensure transactions correctly utilize the Ethereum network to prevent delay in withdrawal refunds.
The announcement caused a significant surge of over 85% in API3’s price, with an increase in trading volume due to speculative trading activities. This surge highlights the impact of major exchange listings on asset valuations. Addressing market stability, Upbit implemented trading restrictions such as frozen buy orders and limits on sales falling below 10% of the previous close, in order to manage volatility and protect investors.
Although API3 gained momentum, no official responses from API3 founders or Upbit leadership have been noted. The listing aligns with historical patterns of increased local interest and price activity following such announcements. Prospective impacts include shifts in Ethereum-based liquidity and attention from decentralized finance sectors. Major listings may further prompt interest in API3’s goal of providing data to smart contracts securely and cost-effectively.
