Upbit Announces Listing of Hyperliquid in Three Trading Pairs

The South Korean cryptocurrency exchange Upbit announced on November 10, 2026, the addition of the Hyperliquid (HYPE) token in 3 trading pairs: with the Korean won (KRW), Bitcoin (BTC), and Tether (USDT). Trading was scheduled to begin at 3:00 PM Korean time (06:00 UTC).

Deposits and withdrawals of HYPE were expected to become available within an hour after the announcement. The exchange warned that the start of trading could be postponed if sufficient liquidity could not be ensured after deposits opened.

According to reference data published by Upbit, at 1:40 PM Korean time on November 10, HYPE was priced at 99,608 won, or about 74.03. This was approximately 2.4% lower than the previous closing price of 102,048 won (75.81). These figures reflected the situation before the planned opening of trading on Upbit.

What restrictions apply when launching HYPE

For the new asset, Upbit set temporary restrictions on placing trading orders.

During the first 5 minutes after trading opens, users will not be able to place buy orders. At the same time, sell orders at a price 10% or more below the previous close will be prohibited. The exchange uses CoinMarketCap data to determine price limits.

In the first 2 hours of trading, only limit orders, which allow users to specify their own buying or selling price, will be permitted. Other types of orders, including conditional ones, will become available after the restrictive period ends.

Deposits and withdrawals are supported exclusively through the HyperEVM network. Transfers through other networks are not accepted by the exchange.

For transfers from external cryptocurrency platforms, Upbit's requirements for providing information about the sender and recipient apply. Funds from exchanges not listed as approved virtual asset service providers may not be credited to the account.

For transfers from personal wallets, ownership of the address must be confirmed in advance. For large deposits with unclear origins, the exchange may request additional information about the source of funds.

Upbit's specific rules provide for a single withdrawal limit equivalent to 100 million won from the 20th business day, counted from the next business day after trading begins.

Hyperliquid expands derivatives trading infrastructure

Hyperliquid is a decentralized trading platform operating on its own first-level blockchain. Its HyperCore infrastructure provides trading of perpetual futures and spot assets, order management, collateral, and forced position closures.

The HyperEVM environment allows the deployment of software contracts compatible with Ethereum. The HYPE token is used for staking and paying network fees.

In September 2026, the open interest in Hyperliquid derivatives exceeded $18 billion for the first time. Perpetual contracts for BTC, ETH, and HYPE accounted for about $9.33 billion in open positions.

The platform is also developing the HIP-3 mechanism, which allows independent operators to create their own markets for perpetual futures. An additional feature of whitelists, introduced in September in the test network, allows restricting access to individual markets.

On October 26, Hyperliquid announced plans to collaborate with Payward, the parent company of Kraken, and Bitnomial to create regulated markets for perpetual futures in the US. Another project involving Intercontinental Exchange and Trade[XYZ] was presented on October 29.

The implementation of these initiatives depends on obtaining the necessary regulatory approvals. The listing of HYPE on Upbit does not change the legal status of Hyperliquid's derivatives markets.