Upbit lists Conflux CFX on KRW, BTC and USDT markets, sending token higher

Upbit opened trading for Conflux’s CFX token on its KRW, BTC and USDT markets at 16:00 KST on July 31, helping drive a rally of more than 15% and reversing a four-day decline that had cut about 11% from the token’s value. The launch followed an earlier postponement by the South Korean exchange and gives CFX access to all three of the country’s major won-based trading platforms: Upbit, Bithumb and Coinone. Just before the new pairs went live, CFX was trading at 67.39 won, or about $0.0471, on Bithumb at 14:41 KST. Upbit said it would apply opening controls including a five-minute restriction on buy orders and a temporary ban on sell orders priced more than 10% below the previous day’s closing price, which it set at 58.72 won using CoinMarketCap data. The three-market rollout broadens access for different types of users, with the KRW pair serving fiat-based traders, the BTC pair for traders pricing positions in Bitcoin, and the USDT pair for those using a dollar-pegged stablecoin. Conflux, a layer-1 blockchain that uses a Tree-Graph ledger structure and a hybrid proof-of-work and proof-of-stake design, has been building real-world asset tokenization and stablecoin payment infrastructure focused on China and wider Asian markets.