UPBIT listed Balance (EPT)/USDT and Axelar (AXL) trading pairs on June 10, 2025.
AXL trading is supported only on the Ethereum network with specific trading and order limitations at launch.
Deposits must use verified personal wallets, and large or unclear deposits may require source verification.
South Korea’s leading digital asset exchange, UPBIT, has confirmed the addition of new trading pairs. On June 10, 2025, the exchange introduced Balance (EPT)/USDT and Axelar (AXL) trading in both KRW and USDT markets. The listings went live with trading support scheduled to begin at 16:00 local time. Both assets were made available on Ethereum networks only, and users were asked to verify network compatibility before making deposits.
New Listings on the Ethereum Network
Axelar (AXL) is now available on UPBIT through the Ethereum network. The exchange clarified that AXL tokens can be labeled as either AXL or WAXL on different platforms. Users were instructed to confirm the correct network and token label when moving funds across platforms. Deposits and withdrawals are limited to the Ethereum network, and the supported contract address for AXL on UPBIT is 0x467719aD09025FcC6cF6F8311755809d45a5E5f3.
To maintain market stability, UPBIT applied a set of temporary trading restrictions after listing. For the first five minutes, buy orders were limited. Sell orders below 10% of the previous day’s closing price were also blocked for five minutes. For two hours after trading began, only limit orders were accepted. These restrictions aim to prevent extreme volatility. According to the data, AXL’s previous day BTC market closing price stood at 0.00000306 BTC, equivalent to 460 KRW or 0.3369 USDT.
User Advisory on Deposits and Ownership Verification
UPBIT stressed that deposits must originate from verified personal wallet addresses. Deposits made through exchanges not listed as approved virtual asset operators may be delayed or unreflected. In such cases, refunds could take a significant amount of time. Additionally, any deposit involving large or unclear sources of funds may prompt a request for supporting documents, as outlined in the platform’s Terms of Use.
Axelar works on a Delegated Proof-of-Stake (DPoS) mechanism and was developed using the Cosmos SDK. The blockchain supports secure communication and transaction transfers between different blockchain networks. AXL, the born token, is used for transaction fees, validator staking, and governance decisions. Axelar offers decentralized cross-chain capabilities, helping to bridge isolated blockchain ecosystems.
The exchange confirmed that both AXL/KRW and AXL/USDT pairs are now supported on UPBIT. Additionally, Balance (EPT)/USDT trading has also been introduced. These additions reflect the platform’s ongoing support for cross-chain and Web3 technologies. Users were reminded to refresh the platform if the digital assets do not appear immediately. On the mobile app, refreshing can be done by navigating to ‘More’, then ‘Screen Settings’, and selecting ‘Receive Coin Information Again’.
