South Korea’s Upbit lists HOME as Bithumb adds 2 tokens

South Korea’s two largest crypto exchanges announced four new trading markets on Aug. 4, expanding local access to the HOME, META2 and USDG tokens.

Upbit will add Defi App’s HOME token to its Korean won and Tether markets at 17:00 Korea Standard Time. Bithumb plans to open Korean won markets for MetaDAO’s META2 and Global Dollar, or USDG, at 16:00 KST. The exchanges said the opening times could change if they do not secure enough liquidity.

The announcements place a cross chain DeFi token, a market based governance token and a dollar stablecoin in front of South Korea’s active retail market. However, the listings do not change the projects’ underlying technology, token supply or regulatory status.

Upbit gives HOME direct won and USDT access

Upbit said deposits and withdrawals for HOME would open within two hours of its notice. It will support the token through Base only. Users who send HOME through another network may face delays while seeking a return of the unsupported deposit.

The exchange identified the supported HOME contract as 0x4bfaa776991e85e5f8b1255461cbbd216cfc714f. It quoted the previous closing prices at 10.1 won and 0.007069 USDT. Those figures provide reference points for Upbit’s opening restrictions rather than guaranteed launch prices.

Defi App describes itself as a self custody platform for swaps, perpetual contracts and yield products across EVM networks and Solana. Its documentation says the platform connects to outside liquidity sources and protocols while presenting them through one interface. HOME supports governance and staking within the ecosystem.

The HOME token itself uses Base for the market supported by Upbit. The distinction matters because the wider application can interact with several networks, while the exchange accepts deposits only through the chain named in its listing notice.

Bithumb adds META2 and USDG to its won market

Bithumb scheduled both META2 and USDG trading to begin at 16:00 KST. Deposits and withdrawals were expected to open within two hours of the announcement. The exchange set a reference price of 7,558 won for META2 and 1,429 won for USDG.

Both assets will use Solana for deposits and withdrawals. Bithumb initially identified Ethereum as the network for USDG but amended its notice to support Solana instead. Sending either asset through an unsupported network could prevent the deposit from being credited.

MetaDAO uses decision markets, also known as futarchy, for protocol governance. Traders take positions based on whether a proposal would raise or lower a project token’s value. The protocol then uses market prices to determine whether the proposal passes. MetaDAO’s documentation calls its token META, while Korean exchanges use META2 to distinguish it from other assets carrying similar symbols.

USDG is different because it is designed to maintain a stable value rather than deliver market driven price appreciation. Paxos Digital Singapore issues the token and operates under supervision from the Monetary Authority of Singapore. Paxos says holders can redeem USDG for U.S. dollars at a one to one rate.

As crypto.news previously reported, Paxos expanded USDG to Solana to support payments, transfers and treasury uses on the network. The stablecoin is also available on Ethereum, Ink, X Layer and Robinhood Chain.

HOME rises while USDG holds its dollar peg

HOME traded near $0.00872 during research, representing a gain of about 32.1% over 24 hours. Its daily range extended from approximately $0.00617 to $0.00924, while reported volume approached $89.4 million. The timing connects the move with the Upbit announcement, but the listing cannot be confirmed as the only cause.

META traded near $6.39, with its 24 hour trading volume rising about 50.3% to $13.6 million. The token had also gained about 55.1% over seven days. Its earlier Upbit listing and activity within MetaDAO make it difficult to isolate any reaction to Bithumb’s announcement.

USDG remained close to its intended peg at approximately $0.9993. CoinGecko reported a narrow 24 hour range between $0.9976 and $1.00, alongside a market capitalization of about $3.44 billion. Its stablecoin structure means a lasting price surge would not represent the same type of listing reaction seen in HOME or META2.

The listings continue a busy period for Korean exchanges. In related coverage, crypto.news reported that Upbit added Morpho and Euler won markets, while Bithumb has also expanded direct won access for several newer crypto assets.

New listings carry network and order restrictions

Upbit will block HOME buy orders for about five minutes after trading begins. It will also restrict sell orders priced more than 10% below the previous closing price during that period. Only limit orders will be accepted for roughly the first two hours.

Bithumb will apply similar controls to META2 and USDG. Buy orders will be unavailable for five minutes. Sell orders below 90% or above 200% of the stated reference price will also face temporary restrictions, while nonlimit orders will remain unavailable for about two hours.