South Korea’s Upbit will list Hyperliquid’s native token, HYPE, on November 10, 2026, opening trading against the Korean won, Bitcoin and Tether. According to Upbit, the KRW, BTC and USDT markets are scheduled to go live at 3 p.m. Korea Standard Time, although the launch could be delayed if sufficient liquidity is not secured after deposits open.
Deposits and withdrawals for HYPE will be supported exclusively through the HyperEVM network and were expected to become available within one hour of the announcement. Upbit said transfers from virtual asset service providers outside its approved list may not be credited, and personal wallet transfers require ownership verification. Large deposits with unclear origins may prompt requests for source-of-funds information. A per-transaction withdrawal limit of 100 million won equivalent applies on the twentieth business day after trading support begins.
Temporary trading restrictions will be in place for the first hours. Buy orders will be unavailable for about five minutes after trading starts, while sell orders priced more than 10% below the previous day’s closing price will be restricted. For approximately two hours, only limit orders will be permitted, with other order types becoming available after the initial restriction period. Upbit’s reference data placed HYPE at 99,608 won, around 2.4% below the previous close of 102,048 won.
Hyperliquid operates a layer-1 blockchain where HyperCore handles perpetual futures, spot trading, order books, margin management and liquidations directly onchain. HyperEVM provides an Ethereum-compatible environment, while HYPE is used for network staking and transaction fees. The platform has expanded its derivatives presence this year, with open interest surpassing $18 billion in September, according to crypto.news. Hyperliquid has also introduced permissioned HIP-3 testnet markets and has been referenced in regulated US perpetual futures proposals involving Payward and Bitnomial, as well as Intercontinental Exchange and Trade[XYZ].
