Back

PROS Jumps 47.8% After Upbit and Bithumb Listings

Upbit states that PROS trading in KRW, BTC and USDT began at 20:30 local time on May 8 via the Pharos network, while Bithumb also added a KRW market as trading volume rose 209.6%.

BTC
USDT

Fact Check
All three directly fetched sources — the Odaily newsflash, the first PANews article, and the second PANews article — consistently and independently confirm the core claim: Upbit is listing PROS (Pharos) in KRW, BTC, and USDT markets, with trading beginning at 20:30 local time on May 8, 2026, and Pharos Network transfers supported. The Odaily piece explicitly cites an official Upbit announcement. The Bithumb KRW market addition is confirmed by the second PANews article. No conflicting evidence was found. The small residual uncertainty (7%) reflects the absence of a directly fetched official Upbit announcement page or a confirmed X post from @Official_Upbit, as the X search returned no results.
Summary

PROS rose 47.8% after listings on South Korean exchanges Upbit and Bithumb expanded market access for the token. Upbit announced PROS trading pairs in KRW, BTC and USDT, with trading scheduled to begin at 20:30 local time on May 8 and deposits and withdrawals supported on the Pharos network. PANews separately reported that Bithumb would add a Korean won market for Pharos (PROS), though it did not provide detailed launch timing or transfer rules. Upbit describes PROS as the ecosystem token of Pharos, an EVM-compatible Layer-1 focused on real-world asset finance that claims throughput of about 30,000 transactions per second. Following the listings, Pharos trading volume increased 209.6%, indicating sharply higher market activity alongside broader access and likely improved liquidity.

Terms & Concepts
  • EVM-compatible Layer-1: A base-layer blockchain that supports compatibility with the Ethereum Virtual Machine, allowing Ethereum-style smart contracts and applications to run on it.
  • Trading volume: The total amount of an asset bought and sold over a given period, often used to gauge market activity and liquidity.
  • RWA finance: Short for real-world asset finance, referring to blockchain-based systems tied to traditional assets such as securities, credit, or other off-chain financial instruments.