Upbit and Bithumb, South Korea's two largest crypto exchanges, kicked off trading for three new tokens on August 4. Upbit opened HOME against Korean won and USDT at 17:00 KST, while Bithumb launched META2 and USDG in won markets an hour earlier at 16:00 KST, giving Seoul's retail traders direct access to a DeFi governance token, a cross-chain platform token and a dollar stablecoin.
HOME, the token from DeFi App, jumped 32% in the 24 hours before Upbit's Korean market debut. The exchange will only support HOME through the Base network, with deposits and withdrawals opening within two hours of the listing notice. Upbit set reference prices at 10.1 won and 0.007069 USDT based on previous closing trades, though these serve as opening restrictions rather than guaranteed launch rates.
Bithumb made a technical shift before launching USDG, switching its network support from Ethereum to Solana. The stablecoin held its dollar peg as the exchange prepared for direct won trading. Both exchanges noted that opening times could slip if liquidity proved insufficient.
The three tokens represent different corners of the crypto ecosystem. HOME powers DeFi App, a self-custody platform for swaps, perpetual contracts and yield products across EVM networks and Solana. META2 serves as MetaDAO's governance token. USDG, or Global Dollar, functions as a stablecoin. The listings expand Korean retail access but leave each project's underlying technology, token supply and regulatory standing unchanged.
