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- Upbit is listing Uniswap (UNI) in KRW and USDT pairs, expanding trading options for Korean investors.
- Uniswap liquidity providers have earned $3.7 billion in fees, highlighting the platform’s growing DeFi ecosystem.
Upbit, South Korea’s largest cryptocurrency exchange, has announced the listing of Uniswap (UNI) to its KRW and USDT trading markets, with trading having started at 15:00 (UTC+8) today, October 22, 2024. This new listing builds on Upbit’s previous addition of the UNI/BTC trading pair.
Uniswap Expansion and Growing DeFi Interest in South Korea
The action is likely to improve liquidity and give UNI investors in South Korea more trading chances, highlighting Upbit’s dedication to increasing its products. The timing of this offering also fits rising investor interest in decentralized finance (DeFi) initiatives, especially Uniswap, which has grown to be a major participant in this field.
Uniswap’s active user base and trade activity—especially on the Base chain—have greatly increased as it keeps ahead by entering more chains. This expansion emphasizes the growing attraction of distributed exchanges for investors looking for substitutes for centralized systems.
Integration of UNI into other trading pairs on Upbit is expected to increase involvement and confirm its presence in the South Korean market.
Moreover, CNF previously reported that traders of Uniswap liquidity providers had paid $3.7 billion in trading fees, therefore highlighting the active and expanding DeFi ecosystem of this platform. More people are drawn to this vibrant environment, and the most recent trading pair listing on Upbit should help to sustain this momentum.
Meanwhile, as of writing, the DEX native token, UNI, is swapped hands about $8.00, a 5.08% rise over the last 24 hours. Reflecting increasing investor excitement for Uniswap and its newly listed trading pairs, the daily trading volume of the token has jumped 139% to $440.49 million.
