Upbit expands KRW market with two major DeFi token listings

Upbit has added Morpho (MORPHO) and Euler (EUL) to its Korean won market, expanding direct KRW trading for two Ethereum-based decentralized lending projects in Korea. Summary Upbit added MORPHO and EUL KRW pairs, giving traders access to two DeFi lending tokens. Euler’s KRW trading launch moved to 2:00 p.m. KST, two hours later than initially scheduled. EUL gained about 74% before launch, while MORPHO posted a smaller rise and heavier volume. MORPHO/KRW opened on July 25 at 6:00 p.m. KST, while Upbit planned EUL/KRW for July 26. However, Upbit changed Euler’s launch timetable shortly before trading. The exchange moved the start from 12:00 p.m. to 2:00 p.m. KST on July 26. The notice said, “The trading support start time for EUL will change.” Deposits and withdrawals for both assets remain limited to the Ethereum network. The listings also broaden access beyond existing BTC and USDT pairs already available for both assets on Upbit. Upbit delays EUL trading after adding the KRW pair Upbit did not give a detailed reason for the two-hour delay. Its notice said trading may start later when the exchange has not secured enough liquidity. The platform had already created the EUL/KRW market...