ICP Soars 20% After Upbit Adds KRW, BTC and USDT Pairs

Published at 2026-03-11 09:15:31

On March 11, 2026, major South Korean exchange Upbit listed Internet Computer (ICP) with KRW, BTC and USDT trading pairs, sending the token up over 20% as traders reacted to easier on‑ramp options and increased liquidity. The listing coincided with a visible spike in order‑book activity on Upbit and larger market-wide volume for ICP, suggesting pent-up local demand was a key driver of the move. The Upbit announcement matters because Korean fiat access can materially widen a token’s buyer base and trading depth, especially for projects with regional interest. That said, investors should be prepared for elevated volatility after listing-driven rallies and watch volume sustainability, spreads, and any regulatory signals from South Korean authorities that could affect flows.

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Local media report South Korean authorities have proposed a six-month suspension of virtual asset transfers for newly registered Bithumb users over alleged AML violations, while existing customers would remain unaffected.

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Published at 2026-03-09 12:45:47

South Korea Targets Corporate Trading of USDT and USDC

South Korean authorities are moving to restrict corporate trading in USDT and USDC amid concerns that dollar‑pegged stablecoins could crowd out other currency alternatives. The proposal raises questions about liquidity, corporate treasury use, and the future of local digital currency options.

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Published at 2026-03-08 07:15:08

South Korea Lifts 9-Year ‘Shadow Ban,’ Allows 3,500 Firms to Invest in Crypto

Seoul has removed a nine-year restriction that barred listed companies from investing in digital assets, enabling about 3,500 firms to enter the crypto market. Regulators say stablecoins such as USDC and USDT are expected to remain excluded under the new rules.

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Published at 2026-03-07 18:45:07

Hana Card, Circle and Crypto.com Roll Out USDC Tourist Payments in South Korea

Hana Card, in partnership with Circle and Crypto.com, has launched USDC stablecoin payment services for international tourists in South Korea, enabling faster cross-border payments and lower FX friction.

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Published at 2026-03-05 15:45:43

KOSPI Surges More Than 11% in Historic One-Day Rebound, Outpacing Crypto

South Korea’s KOSPI jumped more than 11% Thursday, reversing the previous day’s record single-day loss in one of the index’s most dramatic turnarounds. The equity surge outpaced gains in major crypto markets and highlighted acute volatility across risk assets.