Upbit to List Hyperliquid's HYPE Token on November 10 in Multiple Markets
Upbit, South Korea’s leading cryptocurrency exchange, is set to list Hyperliquid’s HYPE token on November 10, with trading commencing at 15:00 KST. The token will be available across three markets: Korean won (KRW), Bitcoin (BTC), and Tether (USDT).
In addition to Upbit, Bithumb, the country’s second-largest exchange, will also introduce HYPE to its KRW market on the same day, marking a significant moment for both platforms as they launch the token within hours of each other.
The KRW market on Upbit is particularly noteworthy as it provides Korean traders with a direct fiat on-ramp to HYPE, eliminating the need to convert through a stablecoin first. Bithumb’s listing, while limited to KRW, will utilize HyperEVM, an Ethereum-compatible environment within the Hyperliquid ecosystem for deposits.
This listing comes at a pivotal time for Hyperliquid, which has seen Binance resume HYPE withdrawals and is preparing for the Kinetiq Elysium L2 mainnet launch on November 9, just a day before the Korean listings take effect. Furthermore, Hyperliquid Strategies is in the process of filing to become a US futures commission merchant.
Hyperliquid, founded in 2022 by Jeff Yan, has quickly risen to become the world’s largest decentralized perpetual exchange by volume, operating on its own Layer 1 blockchain, HyperCore. The HYPE token, launched on November 29, 2024, has a maximum supply of 1 billion tokens, with a unique distribution model that allocated 31% of its supply to nearly 94,000 users without involving venture capital firms.
The introduction of HYPE on major exchanges like Upbit and Bithumb is expected to enhance access for Korean retail traders, providing them with a straightforward method to acquire the token. However, while the listings broaden the potential buyer base, they also increase the selling capacity, which could influence HYPE's market dynamics.
In the coming days, observers will be watching the performance of the Kinetiq Elysium L2 mainnet, the trading volume of HYPE on Upbit and Bithumb, and any developments regarding Hyperliquid Strategies’ filing.
Updated 06:31 UTC
New Facts on Hyperliquid's HYPE Token Listing
- HYPE trading will commence on November 10, 2026, at 15:00 Korea time (06:00 UTC) on Upbit.
- Upbit will support HYPE trading in KRW, BTC, and USDT markets.
- Bithumb will open a single KRW pair at 16:00 Korea time (07:00 UTC) with a reference price of 100,700 won.
- Bithumb will block buy orders for the first 5 minutes and will allow only limit orders for approximately 2 hours.
- HYPE has experienced a 0.73% increase over the last 24 hours despite a 2.47% decline in the overall crypto market cap.
- HYPE is currently about 24% below its record price of $97.96, achieved on September 23.
- Korea ranks fifth in the 2026 Global Crypto Adoption Index and second for on-chain balances.
- Hyperliquid directs 95% to 99% of its revenue into HYPE buybacks, although trading on Upbit and Bithumb does not contribute to this revenue.
FAQ
When will Upbit list the HYPE token?
Upbit will list the HYPE token on November 10, with trading commencing at 15:00 KST.
In which markets will the HYPE token be available on Upbit?
The HYPE token will be available in three markets on Upbit: Korean won (KRW), Bitcoin (BTC), and Tether (USDT).
What is the significance of the KRW market for HYPE on Upbit?
The KRW market on Upbit allows Korean traders to directly purchase HYPE with fiat currency, eliminating the need to convert through a stablecoin first.
What other exchange will list HYPE on the same day as Upbit?
Bithumb, South Korea's second-largest exchange, will also list HYPE in its KRW market on the same day, November 10.
What is Hyperliquid's background and recent developments?
Hyperliquid, founded in 2022 by Jeff Yan, has become the world's largest decentralized perpetual exchange by volume and is preparing for the Kinetiq Elysium L2 mainnet launch on November 9, just before the HYPE listings.
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