South Korean crypto exchange Upbit has listed Grvt's GRVT token against the Korean won, Bitcoin, and Tether. Trading began at 17:00 Korea Standard Time on August 5. Deposits and withdrawals are available through Ethereum.
The new markets provide South Korean customers with a direct route into GRVT without first converting their funds into Bitcoin or a stablecoin. Upbit has warned that the scheduled opening may be delayed if deposits do not provide enough liquidity.
GRVT was already trading on other exchanges, including OKX, Bitget, Bybit, and Bithumb, with a market capitalization near $37 million and a fully diluted valuation near $323 million.
Trading Details
Upbit will block buy orders for about five minutes after trading begins and restrict sell orders priced more than 10% below the previous closing price. Only limit orders will be accepted for approximately two hours.
Users must comply with South Korea's travel rule requirements, and deposits from providers outside Upbit's approved virtual asset service provider list may not be credited.
Grvt describes itself as a self-custodial trading and asset management platform operating on a dedicated Layer 2 built with ZKsync technology.
