Korea’s two largest exchanges list HYPE on the same day: deposits to Upbit and Bithumb only support HyperEVM—don’t proceed if you’ve selected the wrong network
Korea’s two largest exchanges opened KRW markets for HYPE at the same time today. Upbit opened HYPE trading pairs against KRW, BTC, and USDT at 2 p.m. (Hong Kong time); Bithumb’s KRW market is expected to open at 3 p.m., with CARDS scheduled for 5 p.m.
Who this affects: anyone planning to transfer HYPE from another platform to either exchange. Both exchanges’ official announcements state that HYPE deposits and withdrawals only support the HyperEVM network; deposits sent via other networks won’t be credited. Bithumb also says deposits require 10 confirmations and only accepts transfers from exchanges on its list. Refunds for transfers from unlisted sources may take a long time.
Check the opening rules, too: Bithumb’s announcement says buy orders will be restricted for the first five minutes after trading opens, and only limit orders will be accepted for about two hours. HYPE’s reference price is set at 100,700 KRW.
One thing to keep in mind: a new listing expands both the pool of buyers and the pool of sellers—it doesn’t mean the price will necessarily rise. Trading on Korean exchanges also won’t generate revenue for Hyperliquid’s buybacks. What to watch next is the price gap between the two exchanges after trading opens, and whether deposits and withdrawals are running smoothly.
If you’re planning to transfer HYPE to a Korean exchange, would you test with a small amount first before transferring the rest?
This is not investment advice.
Sources: Upbit official announcement and official X (2026-11-10); Bithumb official announcement (2026-11-10 14:13 KST); as reported by Wu Shuo, BlockBeats, and BeInCrypto · 2026-11-10 around 14:25 HKT
#HYPE #Upbit #Bithumb #夯B媒体 $HYPE $CARDS
Korea’s two largest exchanges opened KRW markets for HYPE at the same time today. Upbit opened HYPE trading pairs against KRW, BTC, and USDT at 2 p.m. (Hong Kong time); Bithumb’s KRW market is expected to open at 3 p.m., with CARDS scheduled for 5 p.m.
Who this affects: anyone planning to transfer HYPE from another platform to either exchange. Both exchanges’ official announcements state that HYPE deposits and withdrawals only support the HyperEVM network; deposits sent via other networks won’t be credited. Bithumb also says deposits require 10 confirmations and only accepts transfers from exchanges on its list. Refunds for transfers from unlisted sources may take a long time.
Check the opening rules, too: Bithumb’s announcement says buy orders will be restricted for the first five minutes after trading opens, and only limit orders will be accepted for about two hours. HYPE’s reference price is set at 100,700 KRW.
One thing to keep in mind: a new listing expands both the pool of buyers and the pool of sellers—it doesn’t mean the price will necessarily rise. Trading on Korean exchanges also won’t generate revenue for Hyperliquid’s buybacks. What to watch next is the price gap between the two exchanges after trading opens, and whether deposits and withdrawals are running smoothly.
If you’re planning to transfer HYPE to a Korean exchange, would you test with a small amount first before transferring the rest?
This is not investment advice.
Sources: Upbit official announcement and official X (2026-11-10); Bithumb official announcement (2026-11-10 14:13 KST); as reported by Wu Shuo, BlockBeats, and BeInCrypto · 2026-11-10 around 14:25 HKT
#HYPE #Upbit #Bithumb #夯B媒体 $HYPE $CARDS
