Nine New Tenants Move Into Upbit's Neighborhood, Korean Exchange Rolls Out Red Carpet 🏗️

South Korea's largest cryptocurrency exchange Upbit will list nine altcoins across its BTC and USDT markets on June 19, according to Wu Blockchain. Trading in PEAQ and Litentry (LIT) will begin at 15:00 Korea Standard Time, followed by Kamino Finance (KMNO) and Morpho (MORPHO) at 16:00 KST.

The rollout continues in phases through 19:00 KST. GRAM, recently rebranded from Toncoin, opens for trading at 17:00 KST. Lido DAO (LDO) and PAX Gold (PAXG) launch at 18:00 KST, with Osmosis (OSMO) and AMP rounding out the listings at 19:00 KST.

Following the announcement, PEAQ led immediate market reactions with a gain of nearly 22%, while traders monitored whether the listings would replicate the so-called "Upbit Effect," the pattern historically associated with sharp price movements in tokens newly added to the platform. Past Upbit listings have frequently produced double-digit percentage moves in the hours and days after trading went live, though outcomes have varied by token and market cycle.

Upbit's latest expansion adds to a busy year of altcoin additions on the platform, with the exchange citing broader market coverage in its BTC and USDT pairs as the rationale for the new tickers. PAX Gold (PAXG) is a gold-backed token, while AMP and Lido DAO (LDO) are tied to collateral and liquid staking respectively, and Osmosis (OSMO) operates as a Cosmos-based decentralized exchange token.

The full list of new Upbit markets on June 19 covers PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP, with all trading denominated against Bitcoin ($BTC) and Tether ($USDT).