Upbit to list Collector Crypt token for trading against won and bitcoin
The South Korean exchange will add the Solana-based CARDS token as the project expands its marketplace for physical collectibles linked to digital assets.
Key takeaways
- 1Upbit will list the CARDS token on 5 November with KRW, BTC, and USDT pairs.
- 2Collector Crypt is a Solana-based project for physical collectibles linked to NFTs.
- 3Solana was trading at $96.63 with a $57bn market cap at the time of the announcement.
Upbit, the largest cryptocurrency exchange in South Korea, announced on 5 November that it will list the CARDS token for trading against the South Korean won, bitcoin, and tether. The listing introduces the native token of the Collector Crypt project to one of the most active retail trading markets in Asia.
Collector Crypt operates as a marketplace on the Solana blockchain, according to Wu Blockchain. The project allows users to trade physical collectibles, such as trading cards, by linking them to non-fungible tokens. These digital representations allow physical items to be traded or held in digital wallets while the underlying assets are stored or verified.
The CARDS token is built on the Solana network, which was trading at $96.63 on 5 November with a market value of $57bn, according to YourKhabri data. Upbit's decision to list the token across three major pairs follows a period of growth for the Solana network. While the exchange frequently adds new assets, the inclusion of a won trading pair is significant because it provides a direct fiat gateway for South Korean investors.
Listing on a major South Korean exchange often leads to increased liquidity and trading volume for smaller tokens because of the country's high retail participation. Traders will watch the initial price volatility common with new Upbit listings and the subsequent volume on the won pair. The move suggests continued interest from major exchanges in projects that bridge physical goods with blockchain technology.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.