Quick Breakdown:
- Upbit enables trading for ETHFI, RESOLV, INIT, and SPK on BTC and USDT markets.
- Deposits open two hours after announcement; network verification is mandatory.
- Initial trading comes with restrictions on order types, buy limits, and minimum sell prices.
Upbit announced today that it will begin supporting trading for four new cryptocurrencies: EtherFi (ETHFI), Resolv (RESOLV), Initia (INIT), and Spark (SPK). All four assets will be available for trading on the BTC and USDT markets starting at 3:00 PM KST, with deposits opening within two hours of the announcement. Users are urged to confirm the supported networks before depositing, as deposits made through unsupported networks will not be credited and may require lengthy return procedures.
신규 디지털 자산 이더파이(ETHFI), 리졸브(RESOLV), 이니시아(INIT), 스파크(SPK) 거래지원 안내
✅ 지원 마켓: BTC, USDT 마켓
📅 거래지원 개시 시점 : 2025-09-19 15:00 KST 예정🔗 공지 바로가기:https://t.co/4EMMqFsWp6#Upbit #ETHFI #RESOLV #INIT #SPK@ether_fi @ResolvLabs @initia… pic.twitter.com/R6xJuSC8hr
— Upbit Korea (@Official_Upbit) September 19, 2025
Overview of the new digital assets
EtherFi, built on Ethereum, is a non-custodial staking and restaking protocol where users receive liquid tokens for staked ETH, enabling participation in DeFi and earning additional EigenLayer-based rewards. Resolv is a decentralized stablecoin protocol designed with a dual-tranche system to address over-collateralization, fiat reliance, and centralization risks, with its tokens used for governance and staking. Initia is a modular Layer 1 blockchain supporting multiple virtual machines and enabling the creation of custom rollups through its Minisia ecosystem, providing cross-chain interoperability via IBC. Spark operates within the Sky Protocol ecosystem, using stablecoin reserves to provide liquidity and lending services across DeFi, CeFi, and real-world assets, while also serving as a governance and staking token.
Trading and investment guidelines
Upbit highlighted that for ETHFI, RESOLV, INIT, and SPK, deposit and withdrawal addresses must be verified, with special attention required for Initia’s MEMO-based deposits. Users are reminded that SPK on Upbit is distinct from previously airdropped tokens. Trading restrictions will apply initially, including temporary limitations on buy orders, minimum sell prices, and non-limit order types to ensure market stability. Investors are cautioned that digital assets are highly volatile and subject to sudden price fluctuations, and they should carefully review project materials before trading.
Meanwhile, Upbit is advancing its infrastructure strategy with the launch of Giwa, its in-house Ethereum Layer-2 network, now live on testnet. Announced at the Upbit D Conference 2025, the development signals the exchange’s ambition to grow beyond trading services and establish itself as a key Web3 infrastructure provider.
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