Upbit Lists 9 Tokens Including PEAQ, LIT, AMP on BTC and USDT
In brief
- Upbit rolled out nine tokens on June 19 in staggered intervals, each receiving BTC and USDT pairs except AMP.
- PEAQ posted 21.9% intraday gain on day one, while GRAM fell 2.75% and LIT slipped 1.68%.
- Listing included DeFi tokens (MORPHO, LDO), DePIN (PEAQ), identity (LIT), and tokenized gold (PAXG).
Tokens and trading pairs
Upbit began listing PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP on June 19, with each token receiving BTC and USDT trading pairs except AMP, which launched exclusively against USDT. The exchange staggered the rollout across four time windows: PEAQ and LIT went live first at 15:00, followed by KMNO and MORPHO at 16:00. GRAM, LDO, and PAXG opened at 18:00, with OSMO and AMP closing out the schedule at 19:00.
Day-one performance and token profiles
PEAQ was the clear early winner, posting an intraday gain of roughly 21.9%. GRAM, which is the rebranded version of Toncoin (TON) following a name change effective June 15, declined about 2.75%. LIT slipped by approximately 1.68%.
The tokens represent diverse crypto verticals. PEAQ is a decentralized physical infrastructure network, or DePIN, token built for machine economies. LIT, the native token of Litentry, focuses on decentralized identity aggregation. KMNO powers Kamino Finance, a DeFi protocol on Solana, while MORPHO is the governance token of Morpho, a lending protocol optimizer that sits on top of existing DeFi lending platforms like Aave and Compound.
LDO is Lido DAO's governance token, one of the most well-known liquid staking protocols in crypto. PAXG is Paxos Gold, a tokenized representation of physical gold, backed one-to-one by London Good Delivery gold bars. OSMO is the native token of Osmosis, a decentralized exchange in the Cosmos ecosystem. AMP is the collateral token for the Flexa payments network.
Samsung's stake and Dunamu's valuation
The listing arrives months after a major investment in Upbit's parent. Samsung affiliates recently concluded a $408 million acquisition of a 4% stake in Dunamu, Upbit's parent company. That deal puts Dunamu's implied valuation at roughly $10.2 billion based on that 4% stake. The acquisition underscores the exchange's standing in Asia's crypto infrastructure—and signals continued appetite from traditional tech giants to deepen their exposure to digital assets.
