Key Notes
- Upbit announced the listing of EPT and AXL for June 10.
- Both tokens saw sudden spikes in trading activity.
- The Korean exchange’s trading volume increased by 60% in 24 hours.
Upbit, the leading South Korean cryptocurrency exchange, brought Axelar
AXL
$0.51
24h volatility:
60.3%
Market cap:
$486.18 M
Vol. 24h:
$131.37 M
and Balance (EPT) to its listing spotlight.
The Korean centralized exchange will list AXL at 07:00 UTC and EPT at 09:00 UTC on June 10. Balance will only be available to trade with USDT
USDT
$1.00
24h volatility:
0.0%
Market cap:
$155.23 B
Vol. 24h:
$31.34 B
, while users will be able to swap AXL with USDT and the South Korean Won.
Minutes after the initial announcement, both tokens recorded sharp price hikes.
Related article: AVL Token’s 21% Surge: What’s Going On?AXL rallied 65% in 24 hours to $0.53. Its market cap surpassed the $500 million mark, making it the 114th-largest digital asset in the market. Axelar’s daily trading volume increased by nearly 900% to $88 million.
EPT rose by 22% in the past 24 hours and is trading at $0.0078 at the time of writing. The asset also recorded an 85% surge in its 24-hour trading volume, reaching $19.7 million. Balance currently has a market cap of $19.2 million.
Not Just the Tokens
Upbit’s latest listings come as the broader crypto market gained bullish momentum. The global crypto market cap increased by 1.8% to $3.5 trillion, according to data from CoinGecko.
Data shows that the Korean exchange saw a 60% rise in its trading volume, reaching $1.8 billion.
Upbit has listed 251 coins for trading. Most of its latest listings have triggered similar gains. For example, SOON rose by 15%, DEEP price doubled, and WCT surged by 36% right after the exchange’s announcement.
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