South Korea’s leading cryptocurrency exchange, Upbit, has officially listed four new altcoins today — Ether.fi (ETHFI), Resolv (RESOLV), Initia (INIT), and Spark (SPK). Trading support for the tokens launched at 15:00 KST, with deposits and withdrawals opening within two hours of the announcement.
According to Upbit, the new listings will be available for trading against Tether (USDT) and Bitcoin (BTC). ETHFI, RESOLV, and SPK will operate on the Ethereum (ETH) network, while INIT will be supported on the Initia network. The exchange emphasized that the SPK listed is distinct from the SPARK token previously airdropped.
To maintain stability during the launch, Upbit applied temporary restrictions. Buy orders were suspended for five minutes post-listing, while sell orders set more than 10% below the previous day’s closing price were also limited. For the first two hours, only limit orders are allowed.
The announcement sparked immediate price activity in secondary markets. ETHFI jumped from $1.61 to $1.69 before stabilizing at $1.65, up 2.6%. RESOLV recorded the largest early gains, rising 11.4% to $0.176 before pulling back to $0.16, still 1.8% higher. INIT surged over 10% to $0.43, later returning to $0.39, maintaining a slight 1.1% uptick. SPK increased nearly 10% to $0.067 before settling at $0.062, marking a 2.4% rise.
This listing follows Upbit’s addition of Lombard (BARD) on September 18, coinciding with Coinbase and Bithumb launching support for the token. However, despite multiple exchange listings, BARD has experienced sharp volatility, dropping 45% within 24 hours, according to BeInCrypto Markets data.
With Upbit expanding its altcoin offerings, traders are closely watching ETHFI, RESOLV, INIT, and SPK for potential momentum in the Korean crypto market.
