Upbit, the largest South Korean cryptocurrency exchange by trading volume, has announced a new crypto listing today. The exchange revealed that it will add trading support for the CYBER (CYBER) token.
After the announcement, the altcoin surged to a 9-month high, highlighting the exchange’s impact on the crypto market.
Upbit Announces CYBER Listing
CYBER is the utility and governance token of the Cyber chain. It is a multichain token that uses LayerZero’s OFT token standard for cross-chain usability.
Cyber is a Layer 2 blockchain that integrates social dynamics and artificial intelligence (AI) tools to enhance crypto engagement. Built on the OP Stack, it accelerates ecosystem growth with EVM-based applications and modular development.
The altcoin is already available to trade on Binance, Bitget, MEXC, and even Bithumb, a leading South Korean exchange. Now, it has also secured a listing on Upbit, the country’s market leader.
According to the official notice, Upbit will list CYBER against the Tether (USDT) and Korean Won (KRW). The exchange added that the trading will begin at 17:00 Korean Standard Time (KST).
“After the announcement, if a certain level of liquidity is not secured, the trading support start time may be postponed,” Upbit stated.
Furthermore, the exchange emphasized that all transactions involving CYBER must be conducted through the Ethereum network, as transactions made through other networks will not be supported. The contract address for CYBER is 0x14778860e937f509e651192a90589de711fb88a9.
Notably, Upbit’s announcement triggered a massive surge in CYBER’s value. The price rose more than 133% from around $1.8 to over $5.
The latter price level was last seen in early December 2024. With the increase, CYBER’s market capitalization doubled from around $80 million to $170 million.
“The Koreans have no chill CYBER giga send in just one 1min candle on the news of getting listed on UPBIT,” a market watcher posted.
The pump has made CYBER the top daily gainer on CoinGecko today. Moreover, investor activity has also intensified. The altcoin’s daily trading volume reached $251 million, marking a 524% rise.
This increased attention is further demonstrated by CYBER’s rise to prominence as the top trending coin on CoinGecko.
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