Crypto

JPYC Trading Delayed Three Hours on Upbit

Guavy AI Editorial Team Published September 17, 2026

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Upbit, a South Korean cryptocurrency exchange, has delayed the launch of JPYC trading by three hours. The yen-backed stablecoin was initially set to begin trading at noon on September 17th but will now start at 3:00 p.m. KST (Korean Standard Time). This change affects all three JPYC markets announced by Upbit, including KRW, BTC, and USDT.

Once trading begins, customers will be able to trade JPYC against the South Korean won, Bitcoin, and Tether. Upbit has warned customers to verify the Ethereum network and contract before transferring funds because unsupported deposits may require a lengthy return process.

The exchange's listing notice explains that it uses CoinMarketCap data when setting initial trading restrictions. The reference price for JPYC on September 17th was 8.81 won, compared with a previous closing reference of 8.78 won.

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