South Korea's biggest crypto platform just added a new token. Upbit confirmed the o1 Exchange listing this week. Trading opens today, July 23, 2026, at 3:00 PM KST (11:30 AM IST).
The token is O, the native asset behind o1 Exchange. It's a fresh face on one of Asia's most-watched trading platforms. Here's everything you need to know.
Upbit shared the news through its official notice board and on X. The listing opens three markets at once: KRW, BTC, and USDT.

Source: X Post
That's a strong debut. Most new tokens only get one or two pairs on Upbit.
Here's the full breakdown, based on Upbit's own announcement:
Short-term trading limits also apply. Buy orders are blocked for the first five minutes. Sell orders priced more than 10% below the previous close are blocked too, for the same five minutes. Only limit orders work for the first two hours after trading starts.
These rules exist for a reason. They help stop wild price swings right after a debut like this.
CoinMarketCap data points to a bigger jump ahead of the new launch news. It traded at $0.6747, up 8.47% on the day. Market cap stood near $107.96 million, with $39.44 million in 24-hour volume. Over the past week, the price gained roughly 20%.

Source: CoinMarketCap Data
O first became tradable in June 2026 at $0.065. It later hit an all-time high of $0.9386, and a low of $0.06558.
That's a real rally. Fresh additions to a major trading platform often bring a short burst of buying, and this one looks no different so far.
It isn't a typical single-purpose app. It's an onchain trading platform built to do several jobs at once.
Think of it as a meta DEX aggregator. It pulls liquidity from many places into one screen. Users get spot trading, perpetual futures, and prediction markets, all through a single interface.
The project runs mainly on Base, with reach into Solana and BNB Chain too. Since its beta launch, it has handled over $220 million in spot volume.
Founder Jerry Pan, a UC Berkeley graduate, leads the team. He built FlexGPT before moving into trading infrastructure. A $4.8 million seed round backed the project, led by Coinbase Ventures, with AllianceDAO and a16z joining in.
Nobody can say for sure where it heads next. Fresh token listings tend to be volatile by nature.
Upbit Exchange warned that thin liquidity could delay full trading support if needed. Watch the order book closely in the first two hours. That's when the early trading limits start easing.
For now, the listing has done its job. It's put it in front of millions of Korean traders overnight.
CoinGabbar Analysis: Crypto Exchange debuts on major platforms often act as liquidity events rather than value signals. Early price spikes tend to reflect thin order books and short-term speculation more than long-term fundamentals. Traders should watch volume trends over days, not hours, before judging O's staying power.
The o1 Exchange listing on Upbit marks a big step for the project. Three markets, one verified contract address, and a sharp price move — all within hours. Whether the rally holds depends on real trading demand once the early restrictions lift.
YMYL Disclaimer: This piece is for information only. It is not financial, investment, or trading advice. Crypto prices are highly volatile, and past performance never guarantees future results. Always do your own research, and speak with a licensed financial advisor before making any investment decision.