Upbit and Bithumb list HYPE in Korean won markets

What happened

Upbit, South Korea’s largest cryptocurrency exchange, added HYPE to its Korean won (KRW), bitcoin (BTC) and USDT markets on 10 November 2026. HYPE is the native token of Hyperliquid, the trading-focused blockchain this site covers. Upbit’s notice, as reported by crypto.news and Crypto Briefing, set trading for 15:00 Korea Standard Time (06:00 UTC).

The listing is live. Upbit’s public market API listed KRW-HYPE, BTC-HYPE and USDT-HYPE when we checked at 07:18 UTC. Its hourly data showed the first KRW-HYPE trades in the 06:00 UTC hour, with about 54,000 HYPE traded in that market in roughly the first 75 minutes. The BTC and USDT markets were much thinner.

According to the notice as reported, Upbit supports HYPE deposits and withdrawals only over HyperEVM, Hyperliquid’s smart-contract chain, and they are subject to its wallet checks and the travel rule (the requirement that exchanges share sender and recipient details). For the first two hours it allowed only limit orders (orders at a set price).

Bithumb opened a won market the same day

Bithumb, Korea’s second-largest exchange, said in a notice on 10 November that it was adding HYPE to its won (KRW) market only, with no BTC or USDT pairs. It moved the start of trading from 16:00 to 16:30 Korea time (07:30 UTC) and set a reference price of 100,700 won. Like Upbit, it accepts HYPE only over HyperEVM and only from exchanges on its travel-rule list.

Bithumb’s market data shows the first KRW-HYPE trades in the 07:00 UTC hour on 10 November. In the 24 hours to 08:19 UTC on 12 November, Bithumb traded about 814,000 HYPE against won. Upbit traded about 17,000 HYPE in its KRW market over the same period. Bithumb is running a launch promotion: HYPE trading on its won market is fee-free until 16:29 Korea time on 13 November and it is paying prizes for large trades, which may inflate that volume.

What it means for traders

Korean users can now buy HYPE directly with won on the country’s two largest exchanges. Anyone moving HYPE between Upbit or Bithumb and Hyperliquid should send it only over HyperEVM. Tokens sent over the wrong network, or from a platform the exchange does not support for the travel rule, may not be credited.

Prices on a newly opened market can swing widely and drift away from global prices. Our HYPE market page tracks the Hyperliquid perp price. How HYPE works and HyperCore vs HyperEVM explain the token and the two layers. Elsewhere, Binance reopened HYPE withdrawals on 8 November. Hyperliquid’s own terms restrict users in the United States, Ontario and other places.