Upbit Opens HYPE Trading in Three Markets in South Korea

Upbit began trading Hyperliquid’s HYPE token in South Korea on Nov. 10 at 1 a.m. ET (06:00 UTC), adding the asset to the country’s largest cryptocurrency exchange by trading volume.

The markets pair HYPE with Korean won (KRW), Bitcoin (BTC) and Tether (USDT). The lineup gives traders a local-currency option and two crypto-asset options for trading the token on Upbit.

HYPE is the native token of Hyperliquid, which operates a decentralized perpetual futures exchange. The platform facilitates futures contracts without relying on traditional intermediaries. Hyperliquid ranks as the world’s largest decentralized perpetual futures exchange by trading volume.

The listing extends HYPE’s availability to Upbit, a centralized South Korean exchange, while the token is also tied to Hyperliquid’s decentralized trading venue. For users, the announcement adds a new exchange where the same token can be traded in three separate markets. Trading was live as of Nov. 11, following the Nov. 10 start.