Upbit, the largest cryptocurrency exchange in South Korea, has just announced its decision to list Pendle Finance (Pendle).
Specifically, according to the announcement , the Pendle/ KRW and Pendle/ BTC pairs will be listed on Upbit at 6:00 p.m. on August 6 (Korean time) . In addition, deposits and withdrawals of this Token will also be opened within 2 hours after the announcement.
As the KRW pair is the largest volume pair on the exchange, this move attracted attention from both traders and investors, causing the price of Pendle to increase by nearly 30% in a short period of time.
Upbit is one of the largest cryptocurrency exchanges in South Korea, with a 24-hour volume of $1.1 billion.
Recently, the prices of Token listed on Upbit have all had positive movements afterwards, such as AXL, ID, GLMR, STG, BCH, BLUR, MINA...
Pendle is a decentralized yield-trading protocol that allows users to generate returns from Staking and Derivative trading. The project is powered by three main elements:
- Yield Tokenization
- Pendle AMM
- vePENDLE
With Pendle, users can always maximize their returns: increasing their yield exposure in rising markets and hedging in falling markets.
