Crypto
Upbit Lists Nexo, Boosting Trading Opportunities for South Korean Traders
South Korean cryptocurrency exchange Upbit has added NEXO's native token to its USDT trading pair lineup. The listing will go live at 1:00 p.m. UTC today, making it easier for traders in one of Asia's most active digital asset markets to access the asset.
The addition of NEXO to the USDT pair allows South Korean traders to trade the token directly against Tether, avoiding the need to convert through other cryptocurrencies. This could increase NEXO's visibility and trading volume in the region.
NEXO is the utility token of the Nexo platform, a crypto lending and borrowing service that offers users the ability to earn interest on their digital assets or take out loans using crypto as collateral.