Conflux Soars 15% as Upbit Lists Token Across KRW, BTC, and USDT Markets

Conflux (CFX) saw its price surge by over 15% after Upbit, South Korea's largest cryptocurrency exchange, announced that it would list CFX across its Korean won, Bitcoin, and Tether markets.

The listing opened for trading at 4 p.m. local time on July 31, reversing a four-day slide that had seen CFX lose roughly 11% of its value.

Upbit listed CFX against three quote currencies: the Korean won (KRW), Bitcoin (BTC), and Tether (USDT).

The exchange imposed a five-minute restriction on buy orders immediately after trading commenced, along with a temporary ban on sell orders priced more than 10% below the previous day's closing price.

Upbit pegged the prior close at 58.72 won (approximately $0.0411), based on CoinMarketCap data.