The post Upbit Listing Skyprotocol And USDS Sparks Major Korean Crypto Market Expansion appeared on BitcoinEthereumNews.com.

SEOUL, South Korea – March 30, 2025 – In a significant move for the Asian digital asset landscape, leading South Korean cryptocurrency exchange Upbit has officially announced the impending listing of Skyprotocol (SKY) and the USDS stablecoin. Consequently, trading for both assets against the Korean Won (KRW) and Tether (USDT) will commence at precisely 3:00 a.m. UTC on March 31, 2025. This strategic expansion directly enhances market accessibility for Korean investors and signals a notable phase of institutional maturation within the regional blockchain sector. Upbit Listing Announcement: Details and Market Context Upbit, operated by Dunamu Inc., formally disclosed the listing plans through an official notice on its website. The exchange will open deposit services for SKY and USDS several hours before trading begins. This procedural step allows users to pre-fund their accounts. Market analysts immediately noted the dual-pair approach—offering both KRW and USDT markets—as a critical feature. It provides flexibility for both domestic retail traders using the local currency and international or algorithmic traders operating primarily in dollar-pegged stablecoins. Historically, new listings on major Korean exchanges like Upbit often trigger substantial volatility and trading volume. The “Kimchi Premium,” a phenomenon where cryptocurrency prices on Korean exchanges trade at a premium compared to global markets, can be influenced by such events. Therefore, this listing warrants close observation for price discovery dynamics in the first 24-48 hours of trading. Analyzing the New Assets: Skyprotocol (SKY) and USDS Understanding the newly listed assets requires examining their underlying technology and market role. Skyprotocol (SKY) functions as the native utility token for a decentralized interoperability network. The protocol aims to facilitate cross-chain communication and asset transfers. Its core value proposition lies in reducing fragmentation across different blockchain ecosystems. Use Case: SKY is used for governance, staking, and paying transaction fees within its network. Technology: It…

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Filed under: News - @ March 31, 2026 3:29 am