South Korean exchange Upbit has announced the listing of two new tokens, bringing fresh trading opportunities to domestic investors. The first listing, KMNO, is the governance token of Kamino Finance, a decentralized finance (DeFi) protocol built on Solana that focuses on automated liquidity provision, lending, and leveraged yield farming. The second listing is Blockstreet (BSB), a project aiming to tokenize real-world assets and bridge traditional finance with DeFi. Both additions underscore Upbit’s selective expansion of altcoin markets amid evolving regulations.
KMNO listing details: KMNO will be available against the Korean won (KRW) and possibly other pairs. Upbit will apply standard initial listing restrictions—such as temporary sell-order limitations and delayed withdrawals—to ensure market stability. Kamino Finance has gained traction within the Solana ecosystem, and this listing marks a significant step by granting Korean retail traders a regulated on-ramp to the token. BSB listing details: Trading for BSB starts on February 12, 2025, at 14:00 KST with deposits opening two hours prior. The token will trade against KRW, BTC, and USDT, with BSB/KRW as the primary market. Upbit will also impose a five-minute sell restriction at the open to curb extreme volatility.
Both projects passed Upbit’s internal due diligence, which examines technology, business models, and regulatory compliance. The exchange has been tightening its review process as South Korea crafts a comprehensive digital asset framework. For traders, the new pairs offer exposure to DeFi and tokenized assets, though the inherent risks of new listings—sharp volatility and thin liquidity early on—remain. The moves come as South Korean exchanges actively broaden their altcoin rosters despite heightened regulatory scrutiny.
