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Upbit to List ETHFI, RESOLV, INIT, and SPK in BTC and USDT Markets

Upbit to List ETHFI, RESOLV, INIT, and SPK in BTC and USDT Markets

Upbit opens trading for the four new altcoins ETHFI, RESOLV, INIT, and SPK, with deposits and withdrawals already available, marking a significant addition to its platform.

BTC
ETH
USDT

Fact Check
The statement is directly confirmed by multiple pieces of evidence. The primary source, Upbit's official X account, announced the listing of ETHFI, RESOLV, INIT, and SPK. This is explicitly corroborated by secondary sources like OKX and PANews, which specify that the new trading pairs will be in the BTC and USDT markets.
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Summary

South Korea’s largest crypto exchange, Upbit, has officially listed four new altcoins—Ether.fi (ETHFI), Resolv (RESOLV), Initia (INIT), and Spark (SPK)—for trading against Bitcoin (BTC) and Tether (USDT). Trading for these pairs began on September 19, with deposits and withdrawals open. Upbit has implemented temporary trading restrictions, including limiting buy orders for five minutes and restricting large sell orders. Despite initial gains, the tokens’ prices have shown signs of post-listing correction. This follows Upbit’s recent launch of GIWA Chain, an Ethereum Layer-2 network built on Optimism’s OP Stack.

Terms & Concepts
  • KYC: Know Your Customer (KYC) is a process used by exchanges to verify the identity of users, ensuring compliance with regulatory requirements.
  • Limit Orders: A type of order where the trader specifies the maximum price they are willing to pay when buying or the minimum price when selling.
  • Layer-2 Network: A secondary framework built on top of a blockchain that aims to increase transaction speed and scalability, typically using sidechains or other techniques.