Reporting · companies
Upbit and Bithumb to list Hyperliquid's HYPE token on November 10
Upbit and Bithumb open HYPE trading on November 10, with Upbit allowing deposits and withdrawals only on HyperEVM and Bithumb limiting early buy orders.
Quick take
- Two South Korean exchanges, Upbit and Bithumb, are adding trading for Hyperliquid's HYPE token starting November 10.
- Upbit opens at 15:00 KST while Bithumb opens its won pair an hour later at 16:00 KST, against a 100,700 won reference price.
- Exchange-level activity does not add to Hyperliquid revenue, which DWF Labs says mostly funds token buybacks.
BeInCrypto reported that Upbit and Bithumb have both announced listings for Hyperliquid's HYPE token, with trading on the two South Korean exchanges set to begin on November 10. Upbit plans to open at 15:00 KST with won, bitcoin and USDT markets, and it will handle HYPE deposits and withdrawals only on HyperEVM. Bithumb's won pair opens an hour later, at 16:00 KST, against a reference price of 100,700 won.
Bithumb has set rules for its launch, blocking buy orders during the first five minutes and accepting limit orders for only about two hours. Over the past 24 hours HYPE climbed 0.73%, while the token remained about 24% under its September 23 high of $97.96, according to the coverage.
The coverage also cited Chainalysis, which ranks Korea fifth in its 2026 adoption index. In October, Seoul issued orders to block 27 exchanges that lack registration.
DWF Labs put the share of Hyperliquid revenue that funds buybacks at 95% to 99%. The coverage also noted that trading on these exchanges adds nothing to Hyperliquid's earnings.
Sources
Machine-written from the publishers’ reports and checked against them · How Dextape writes
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