Upbit Lists Euler (EUL) on KRW Market as Token Jumps Into Spotlight
- Upbit launches EUL KRW trading, expanding direct access for Korean investors.
- EUL jumped 74% before trading as listing news fueled strong market demand.
- Upbit imposed temporary trading limits to reduce launch-day market volatility.
South Koreaโs largest cryptocurrency exchange, Upbit, has announced the listing of Euler (EUL) on its Korean won (KRW) market, expanding direct fiat access for the decentralized lending token. The announcement sparked strong market interest, with EUL recording sharp gains ahead of trading as investors anticipated increased liquidity and exposure among Korean traders.
Upbit Expands KRW Offerings With Euler Listing
In an announcement, Upbit confirmed that Euler (EUL) will begin trading against the Korean won on July 26, strengthening its support for decentralized finance assets. The exchange initially scheduled trading to start at 12:00 KST before later postponing the launch to 2:00 KST without providing a detailed explanation.
According to the exchange, delays may occur when sufficient market liquidity has not yet been secured before trading begins. Deposits and withdrawals remain available exclusively through the Ethereum network, requiring users to verify supported addresses before transferring funds.
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