HYPE Gains 0.73% as Upbit and Bithumb Announce Listings

Upbit and Bithumb, South Korea’s biggest crypto exchanges, have said they will list Hyperliquid (HYPE). Trading is set to start on both platforms on November 10. Over the prior 24 hours, HYPE rose 0.73%, while the overall crypto market cap declined 2.47%.

The exchange introductions give HYPE access to South Korea, which ranks among the top five crypto markets globally. The token had fallen more than 12% in the previous month and remains about 24% below its $97.96 record from September 23.

Key Details for Traders as HYPE Listing Goes Live in Korea

Upbit made its announcement before Bithumb, which followed later that afternoon. The terms for Korean traders differ between the two platforms.

• On Upbit, HYPE trading will start at 15:00 KST (06:00 UTC) in the KRW, BTC, and USDT markets.
• Upbit only accepts HYPE deposits and withdrawals via the HyperEVM network.
• Bithumb will list a single KRW pair at 16:00 KST (07:00 UTC) with a reference price of 100,700 won.
• For the opening 5 minutes, Bithumb will accept no buy orders and only limit orders for roughly 2 hours.

HYPE responded within 60 seconds of Upbit’s announcement. It rose around 1.4% from the price at that minute, then retracted about half of that gain.

신규 디지털 자산 하이퍼리퀴드(HYPE) 거래지원 안내

✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점 : 2026-11-10 15:00 KST 예정

🔗공지 바로가기:https://t.co/s9YIKQtemc#Upbit #HYPE@HyperliquidX pic.twitter.com/qYREO2F1Vo

— Upbit Korea (@Official_Upbit) November 10, 2026

Will Korean Buyers Support HYPE After the First Spike?

This temporary price jump raises a broader question for HYPE investors: Will Korean demand persist once the initial flurry subsides?

South Korea placed fifth in Chainalysis’ 2026 Global Crypto Adoption Index for the July 2025 to June 2026 period. In on-chain balances, it came second, behind only the United States.

Since October, when South Korean authorities ordered the blocking of 27 unregistered exchanges, Korean traders have had fewer offshore options. Upbit and Bithumb now offer a local, registered path to trade HYPE.

Historical listings provide mixed signals. Derive (DRV) surged nearly 30% after its dual listing on Upbit and Bithumb in July. But BeInCrypto reported that tokens listed on major exchanges in 2025 largely struggled to hold gains.

Hyperliquid’s own revenue also underpins HYPE’s price: 95% to 99% of that revenue is used for HYPE buybacks, as reported by DWF Labs.

However, HYPE traded on Upbit and Bithumb does not contribute to that revenue stream; only trades on the Hyperliquid platform generate funds for buybacks.

The key question is how Korean traders will act once trading starts on both exchanges. Their behavior will demonstrate whether the listings result in sustained price support for HYPE.