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Upbit and Bithumb List SPX6900 and SPACE as New Tokens Enter Korean Market

South Korean crypto exchanges are actively adding new tokens to their markets while applying strict rules to manage early trading risks.

Upbit has confirmed the listing of SPX6900 (SPX), with trading starting at 14:00 KST on June 16, 2026. The token will be available on KRW, BTC, and USDT markets and runs on the Ethereum network. Users must verify the official contract address before making deposits, as only approved network transfers will be accepted.

To manage early volatility, Upbit is applying standard launch restrictions. These include a short buy order freeze after trading begins, limits on selling below a set price range, and a temporary window where only limit orders are allowed. These measures are commonly used in the Korean market to control sharp price swings in new listings.

Bithumb lists SPACE token with early trading limits and deposit controls

Bithumb has also announced the listing of Spacecoin (SPACE) on its KRW market, with trading scheduled for the same day at 14:00 KST. The token operates on Ethereum, and deposits must follow strict network verification rules before trading begins.

SPACE is designed as a satellite-based blockchain project focused on decentralized communication and data transfer. It supports staking and payments within its ecosystem. Like Upbit, Bithumb is applying early trading controls such as temporary order restrictions and price limits to reduce volatility during the launch phase.

You may also like: Are Stablecoins Becoming the New ‘Central Business Digital Currencies’?

What this shows about Korea’s crypto market and past exchange listings

These listings show how South Korea’s main exchanges, especially Upbit and Bithumb, continue to dominate early-stage token launches. Both platforms regularly list new Ethereum-based and infrastructure tokens while applying strict controls on deposits, order types, and early trading activity.

Other Korean exchanges, such as Coinone, Korbit, and Gopax, also list new tokens, but Upbit and Bithumb remain the most active in high-volume listings and liquidity-driven launches. This model has been used repeatedly in past listings, where exchanges balance access to new crypto assets with strong safeguards to manage retail trading risk during initial market entry.

In another development, Upbit listed io.net (IO) on its KRW market, with trading starting on May 29 at 18:30. The token, built on the Solana network, required deposits through an approved IO-Solana contract address. At the same time, Bithumb added ZORA (ZORA) and RECALL (RECALL) to its KRW market, expanding its range of tradable digital assets. Both tokens began trading on Tuesday evening, with zero trading fees applied for a limited promotional period.

Upbit adds nine tokens to BTC and USDT markets 

Upbit will list nine tokens on its BTC and USDT markets on June 19, increasing trading access for Korean users across multiple crypto sectors. The new assets include PEAQ, Litentry, Kamino, Morpho, Gram, Lido DAO, Pax Gold, Osmosis, and Amp.

The exchange said the tokens will receive new trading support in BTC and USDT pairs, rather than Korean won markets, and trading will begin in stages from 15:00 local time. This gives traders exposure to global crypto pricing through Bitcoin and Tether pairs.

The listed assets cover a wide range of sectors, including Morpho and Kamino linked to DeFi lending and liquidity systems, Lido DAO focusing on liquid staking, Pax Gold tracking physical gold through tokenization, Osmosis tied to the Cosmos ecosystem, while Amp is used for collateral payments and PEAQ is linked to DePIN, and Litentry focuses on identity and data tools.

This batch shows Upbit is not limiting listings to one category. Instead, it is expanding across DeFi, staking, infrastructure, and real-world asset tokens in a single move.

Pax Gold stands out because it links crypto directly to physical gold. This connects digital markets with traditional safe-haven assets in a way that is becoming more common across exchanges and institutional platforms.

By grouping different sectors together, Upbit is giving traders exposure to multiple market themes at once, rather than focusing on narrow narratives like meme coins or single-chain ecosystems.

 

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