Seoul, South Korea — September 25, 2025 — South Korea’s leading cryptocurrency exchange Upbit has officially announced the listing of Plasma (XPL), expanding its available trading assets and offering broader access to the rapidly growing stablecoin-focused blockchain token ecosystem. #Plasma (denoted by the ticker XPL) will be tradable against Korean Won (KRW), Bitcoin (BTC), and Tether (USDT), enabling both fiat-to-crypto and crypto-to-crypto strategies for traders.
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📈 About the XPL Listing
According to reports, Upbit began accepting XPL deposits at 21:00 (KST) on September 25, with trading support starting at 22:00 (KST) on the same day. The listing includes on-chain deposit and withdrawal functionality supported directly through the Plasma network, giving users direct connectivity to the Layer-1 blockchain infrastructure that Plasma powers. �
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The new trading pairs XPL/KRW, XPL/BTC, and XPL/USDT provide multiple routes for market participants:
KRW pairing allows domestic investors in South Korea to purchase XPL directly with fiat currency.
BTC and USDT pairs connect XPL liquidity to broader crypto markets.
These markets are standard on Upbit for listed assets, aiming to support both institutional and retail demand.
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🧠 Why This Matters
The @Plasma network is a Layer-1 blockchain optimized for scalable stablecoin transactions and decentralized finance applications, gaining industry attention for low-fee and high-throughput capabilities. The XPL token functions as the native economic incentive and utility asset on this network. Listing on Upbit — one of the most active exchanges in Asia — is a major distribution milestone for XPL, likely increasing its visibility and trading volume in key markets.
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Upbit’s support for KRW pairs is especially noteworthy in the context of South Korea’s significant retail crypto trading base. The KRW market on Upbit often drives high daily volumes for newly listed tokens, as local traders can seamlessly enter and exit positions without first converting fiat into stablecoins or other tokens.
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📊 Market and Risk Context
The broader listing of $XPL across the crypto exchange ecosystem including other major platforms has been underway concurrently with the token’s ecosystem rollout. Listings on global exchanges often bring increased liquidity but can also introduce price volatility due to speculative trading activity, particularly in early trading sessions. Market participants are advised to consider both trading opportunities and risks inherent in newly listed digital assets.