South Korean cryptocurrency exchange Upbit has listed three more altcoin projects for trading. After the announcement of the stock market, prices reached double-digit gains.
Upbit list: 1inch, Aave and Mask Network
Three more altcoin projects are rising in price thanks to the Korean cryptocurrency exchange. Upbit announced the 3 altcoins to be listed on its official website early Wednesday morning. The exchange will now support trading for the privacy-focused Mask Network with 1inch and Aave DeFi tokens.
Upbit users can now buy, sell and deposit ERC-20 versions of 1INCH, AAVE and MASK on the exchange. All three tokens reacted positively to the news, with the biggest gain being 1 inch. The DEX platform saw the price of its native token 1INCH rise 118% and hit an all-time high of $8.65 before pulling back.
Aave and Mask Network also posted double-digit gains, up 28% and 62%, respectively.
It’s not the first time that Upbit has increased the altcoin prices it lists!
Earlier this month, the exchange listed the native tokens of Polygon, NuCypher, and Solana, causing all three to be in the news. Polygon’s MATIC token has soared since the listing, while NuCypher hasn’t had much success, dropping 63% from its post-listing high.
According to data from CoinGecko, Upbit is currently Korea’s largest exchange, with over $5.8 billion in daily transactions. It seems that the exchange is currently focused on listing more cryptocurrencies to catch up with its competitors. Upbit currently offers 157 different cryptocurrencies, 26 less than the second-ranked Bithumb exchange.
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