Upbit Begins HYPE Trading in Three Markets

Upbit began trading Hyperliquid’s HYPE token in three markets on November 10, giving South Korean users access to buy it with won or trade it against Bitcoin and Tether. The exchange also imposed temporary restrictions on orders during the opening period. HYPE was already listed on Bithumb, which also began won trading that day, according to one market report.

Upbit had announced that trading would start at 3 p.m. Korea Standard Time in KRW, BTC and USDT pairs. The exchange’s opening rules barred buy orders for about five minutes and restricted certain sell orders during that period. For about two hours, traders could place only limit orders, which execute at a specified price or better.

Deposits and withdrawals were supported only through HyperEVM, subject to Upbit’s transfer requirements. The exchange said deposits and withdrawals would become available within an hour of its listing announcement. Transfers through other networks would not be supported; Upbit also required verification for personal-wallet transfers and compliance with its travel-rule procedures.

The listing widened access to HYPE through South Korea’s largest cryptocurrency exchange by trading volume, but it...