Upbit Adds B3 KRW Pair, Gives Base Token Direct Korea Access

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Upbit adds B3 Korean won pair as Base token gains Korea access

Upbit, a cryptocurrency exchange in South Korea, now lists B3, allowing Korean traders to buy and sell the token directly with Korean won.

Summary

  • Upbit opened B3 trading against the Korean won, giving the Base token local market access.
  • The exchange delayed trading to 14:00 KST and applied early order restrictions for stability.
  • B3’s Base network support links the listing to growing Korean interest in OP Stack projects.

Trading was first scheduled for 13:45 KST on May 7, before Upbit moved the start time to 14:00 KST.

B3 is a blockchain network that operates on Base, which is built as a layer on top of Ethereum. Being listed on Upbit will allow its token to be traded by a large number of cryptocurrency users in Asia.

Exchange sets early trading limits

Upbit announced that it will only accept deposits and withdrawals using B3 on the Base network. They advise users to double-check the correct contract address before sending any funds, as deposits made through other networks may take a significant amount of time to be processed and returned.

Trading began with standard safeguards in place. For roughly five minutes after the launch, buy orders were limited. Upbit also restricted unusually low sell orders and disallowed certain order types for about two hours.

Upbit announced that if there isn’t enough trading activity after deposits and withdrawals open, they may delay the start of actual trading. This means the exchange is reserving the right to postpone trading if the market isn’t robust enough.

B3 joins recent Upbit listing wave

This listing follows increased interest in certain tokens after they were added to the Upbit exchange. As crypto.news reported yesterday, Dogwifhat’s price increased when Upbit began offering WIF trading with Korean Won, Bitcoin, and Tether on May 6. The report also highlighted that new listings can lead to volatile price movements for traders.

Recently, crypto.news noted a significant price increase for Centrifuge – over 180% – following Upbit’s decision to list the token. Similarly, Internet Computer’s market value rose by approximately $100 million after Upbit began offering trading pairs for ICP with Korean Won (KRW), Bitcoin (BTC), and Tether (USDT).

These examples illustrate the growing interest in new KRW trading pairs. They offer easier access to Korean won and can quickly attract trading volume from individual investors in South Korea.

OP Stack link adds market context

The connection between B3’s Base and OP Stack aligns with Upbit’s broader infrastructure strategy. This week, Crypto.news reported that Upbit is collaborating with Optimism to create GIWA Chain, a new layer-2 network built on top of Ethereum using the OP Stack.

The report indicates that GIWA Chain will allow Upbit to manage its own technical infrastructure using Optimism’s system for businesses. This means Upbit will control how transactions are processed and will receive the fees generated by the network.

B3 is a new listing, independent of GIWA Chain, but both are connected to blockchains built using OP Stack technology. This listing makes B3 available for trading with the South Korean won and helps projects building on Base’s layer-3 gain wider attention.

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2026-05-07 11:56