- Upbit listed Balance (EPT) on the Ethereum network with a USDT trading pair on June 10, increasing market exposure.
- Axelar (AXL) was listed in both USDT and KRW trading pairs, triggering a 74.71% price surge and expanding its trading activity.
- Balance (EPT) and Axelar (AXL) both recorded notable market cap increases following Upbit’s listing announcement, signaling heightened investor interest.
Upbit, South Korea’s biggest cryptocurrency exchange has announced the listing of Balance (EPT) and Axelar (AXL). EPT is listed in the USDT trading pair and AXL is listed in KRW and USDT pairs.
Upbit Adds EPT and AXL to Trading Markets
On June 10 in a press release, Upbit introduced Balance (EPT) to its platform through the USDT trading pair. The listing was made on the Ethereum network. The same day, Axelar (AXL) was added with KRW and USDT trading pairs, also on the Ethereum network. These updates mark another move in Upbit’s strategy to diversify its offerings with emerging Web3-focused tokens.
Balance (EPT) is a project focused on improving the Web3 user experience through artificial intelligence. Before the announcement, EPT’s market capitalization stood at over $16 million. Shortly after Upbit confirmed its listing, the market cap jumped to over $19 million, reflecting a surge of more than 17%.
Price Action Following Listing Confirmation
Following Upbit’s listing update, Balance (EPT) experienced a notable price rally.In the time of publishing EPT was priced at $0.00805 with a 24-hour growth at +22.03%, trading volume of $40,647,864 and a market cap of $18,552,097.
Axelar (AXL), a blockchain project on Cosmos SDK, built on Delegated Proof-of-Stake (DPoS) consensus, had an upward price move. Upon the announcement, AXL was priced at $0.5744, for a price that was up 74.71% in 24 hours and 70.90% in 7 days. Its market cap grew from $503 million to more than $542 million following the news.
Market Reaction Reflects Rising Interest
Trading volumes and investor interest surged for both assets following the listings. EPT saw renewed attention in the market, and AXL maintained strong momentum with considerable market cap growth.
This latest listing by Upbit continues to affirm its role in expanding access to growing Web3 and interoperability projects. The move has prompted increased visibility and liquidity for both Balance and Axelar within the broader crypto market.
