Upbit Lists Euler on KRW Market as Token Surges 74%
South Korea's largest cryptocurrency exchange, Upbit, has listed Euler (EUL) on its KRW market, expanding direct fiat access for the decentralized lending token. The announcement sparked strong market interest, with EUL recording a 74% gain ahead of trading as investors anticipated increased liquidity and exposure among Korean traders.
The listing gives EUL another direct fiat trading pair after previously being available on Upbit's Bitcoin and USDT markets. Direct KRW access increases visibility among South Korean investors while simplifying participation without requiring cryptocurrency conversions.
Upbit also introduced temporary trading restrictions to reduce excessive volatility during the market opening. Buy orders will remain unavailable for approximately five minutes after launch, while sell orders below specific price thresholds will face temporary limits.