On August 19, 2025, the cryptocurrency exchange Upbit launched trading for API3 with KRW and USDT pairs, marking an important step for the South Korean market. Trading is exclusively supported via the Ethereum network.
Market Impact and Restrictions
The launch of API3 trading on Upbit signifies a substantial step towards increasing access to decentralized API solutions in South Korea's cryptocurrency market. The new listing reflects a growing interest in decentralized finance.
'API3 will only support deposits and withdrawals via the Ethereum network. Transactions will begin at 5:00 PM on August 19th. Buy orders will be restricted during the first five minutes of trading, and sell orders will not be allowed for prices 10% below the previous closing price. Only limit orders will be valid for the first two hours.' CITE_NA
The addition of API3 to Upbit assists local investors in accessing decentralized financial solutions, which may encourage interest in similar projects and influence liquidity in South Korean financial markets.
Future Prospects
The future of API3 may involve increased demand, heightened market volatility, and regulatory attention. Historical data suggests that new listings like API3 tend to evoke short-term price fluctuations. Market observers await improvements in the DeFi space driven by such integrations.
Conclusion
The launch of API3 trading on Upbit symbolizes growth opportunities for decentralized finance in South Korea. This event may spark interest in other similar projects and impact the liquidity of financial markets in the country.
The launch of API3 trading on Upbit opens new horizons for decentralized finance in South Korea, marking an important event for the entire cryptocurrency industry.
