Upbit to list Hyperliquid's HYPE against won, Bitcoin and Tether on November 10

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Upbit to list Hyperliquid’s HYPE against won, Bitcoin and Tether on November 10

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Upbit plans to list Hyperliquid's HYPE token on November 10 against the won, Bitcoin and Tether. The exchange will restrict orders during the opening hours and accept deposits only through HyperEVM.

South Korean exchange Upbit announced plans to list Hyperliquid (HYPE) on November 10, with trading scheduled to begin at 3 p.m. Korea Standard Time. HYPE will trade against the Korean won (KRW), Bitcoin (BTC) and Tether (USDT).

However, the launch could slip. Upbit said the trading start could be delayed if sufficient liquidity is not secured after deposits open, which the exchange expected within one hour of the announcement.

Upbit sets initial trading restrictions for HYPE

Upbit will follow its standard procedures for new listings. Buy orders will remain unavailable for approximately five minutes after trading begins. In the same period, sell orders priced more than 10% below the previous day's closing price will be restricted.

Then, for approximately two hours after the market opens, traders can only place limit orders. Other order types and conditional orders become available afterward.

Deposits will work only through the HyperEVM network. Users moving HYPE from external exchanges must also comply with Upbit's travel rule requirements, and personal wallet transfers require prior ownership verification.

Reference price sits below the previous close

At 1:40 p.m. KST, Upbit's reference data placed HYPE at 99,608 won, against a previous closing price of 102,048 won. That put the reference price approximately 2.4% below the previous close, though the figures were published before HYPE trading was scheduled to begin on the exchange.

Hyperliquid builds out its derivatives markets

Hyperliquid runs its own layer-1 blockchain, where HyperCore handles perpetual futures, spot trading, order books, margin management and liquidations onchain. In September, crypto.news reported that Hyperliquid's open interest had surpassed $18 billion for the first time.

More recently, Intercontinental Exchange announced an agreement with Trade[XYZ] on October 29 to develop a US perpetual futures business using Hyperliquid's infrastructure. The arrangement remains dependent on regulatory approvals.

Source: crypto.news

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