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Upbit and Bithumb Add Katana Network’s KAT Token Trading Pairs

South Korea’s two major cryptocurrency exchanges said KAT will be listed on multiple markets, expanding access to the token tied to Katana Network, an Ethereum-based Layer 2 (scaling network built on Ethereum) for DeFi (blockchain-based financial services).

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Terms & Concepts
  • Layer 2: A blockchain scaling network built on top of a base chain like Ethereum to improve speed or reduce costs.
  • DeFi: Short for decentralized finance, referring to blockchain-based financial services such as trading, lending, and borrowing without traditional intermediaries.
  • KAT token: The native token associated with Katana Network, which the source says is being listed by Upbit and Bithumb.