B3 Jumps 78.84% in 15 Minutes After Upbit Announces KRW Pair Listing

Upbit said B3-KRW trading is expected to begin at 13:45 on May 7, and the token briefly rose to 0.0016 USDT before easing to 0.0015 USDT after the announcement.

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Summary

Upbit announced it will list a Korean won trading pair for B3, with trading scheduled to begin at 13:45 local time on May 7, and the token rose 78.84% within 15 minutes of the news. B3 briefly touched 0.0016 USDT before easing to 0.0015 USDT. Upbit described B3 as a layer-3 blockchain built on Base, an Ethereum layer-2 blockchain, and said it uses the OP stack. The listing adds direct KRW access for local traders on one of South Korea’s largest crypto exchanges, a change that can improve visibility, accessibility, and liquidity. The older topic also mentioned a separate Bithumb plan to list EDGEX on its KRW market, but that is a different event from Upbit’s B3 listing.

Terms & Concepts
  • KRW trading pair: A market that lets traders buy or sell a token directly against the South Korean won.
  • Layer-3 blockchain: A blockchain network built on top of another scaling layer, typically designed to support specialized applications or lower-cost transactions.
  • USDT: Tether, a U.S. dollar-pegged stablecoin widely used as a quote currency in cryptocurrency trading.