Upbit Lists 2 Altcoins Today: Here’s How Prices Responded

Upbit, South Korea's largest cryptocurrency exchange, has announced the listing of two new altcoins. The platform also confirmed that it will add support for spot marketing to Search (SKR) and Espresso (ESP).

Also, Bithumb lists ESP today. Following the listing announcements, both tokens posted strong gains, with prices increasing by double digits as trading interest accelerated.

Upbit and Bithumb expand offerings with new token listings

According to Upbit's announcement, SKR will be available for trading with three pairs: Korean Won (KRW), Bitcoin (BTC) and Tether (USDT). The exchange will open spot trading on February 24 at 16:00 Korea Standard Time (KST) and will allow deposits and withdrawals within 90 minutes of the announcement.

“Deposits and withdrawals are only supported by the specified network (SKR-Solana). Please check the network before depositing. SKR contract address supported by Upbit is: SKRbvo6Gf7GondiT3BbTfuRDPqLWei4j2Qy2NPGZhW3. Please check the contract address when depositing or withdrawing SKR.”

In a separate announcement, Upbit announced ESP support in the KRW, BTC and USDT markets. Trading starts today at 17:00 KST.

Bithumb has announced the addition of ESP in its KRW market. The exchange will be opened within two hours of the announcement, February 24 at 17:00 K.

Both exchanges have listed temporary limits designed to control volatility during the initial trading period. Upbit limits buy orders to five minutes after the trade starts.

Orders to sell 10% or more below the previous day's closing price will be limited to five minutes. Additionally, the exchange only allows limit orders for two hours after the start of trading support.

Bithumb limits buy orders to five minutes after the start of the same trade. Sell ​​orders are blocked if the price is 10% or more below or 100% or more within the same five-minute window. Like Upbit, Bithumb only allows limit orders for two hours after the trade opens.

Exchange details Drive Sharp activities in SKR and ESP

The listings triggered notable price movements in both tokens. Data shows that SKR, a native of Solana's mobile ecosystem, surged more than 62 percent following the announcement.

According to CoinGecko data, the daily trading volume has increased by more than 700%. The figures show high business demand from the South Korean market.

ESP surged more than 50% and posted an all-time high of $0.16. The token was launched earlier this month, which recently entered the market. ESP serves as the native symbol of the Espresso Network.

The Espresso Network is a blockchain protocol that provides a common ordering and verification layer for blockchain and other chains. It aims to improve scalability and interoperability by coordinating transaction sequences across multiple networks.