Upbit, South Korea's largest cryptocurrency exchange by trading volume, has announced it will list Canton (CC) on its KRW, BTC, and USDT markets. Trading was initially scheduled to commence on April 14 at 16:00 KST, with deposits and withdrawals available exclusively via the CC-Canton network — reflecting best practice for on-chain settlement integrity.
To support orderly price discovery and market stability during the early trading phase, Upbit confirmed it will apply standard initial trading limits, including restrictions on buy orders, low-price sell orders, and certain order types.
Update: Listing Temporarily Delayed
Following the announcement, Upbit issued a notice postponing the launch of deposit, withdrawal, and trading services for CC, with a revised timeline listed as TBA. The exchange has not cited a specific reason for the delay, consistent with its policy of limited commentary during active listing procedures. Common causes for such postponements include extended technical integration checks or additional regulatory compliance reviews.
Upbit has confirmed the supported markets — KRW, BTC, and USDT — remain unchanged, and investors should monitor Upbit's official channels for a revised launch schedule
Why This Listing Matters
Upbit's decision to list CC places Canton in front of one of the world's most liquid and institutionally active crypto markets. South Korea consistently ranks among the highest globally for crypto trading volume, and a KRW-denominated trading pair significantly broadens CC's accessibility beyond existing USDT and BTC markets on other exchanges. Combined with Canton's growing institutional momentum — including its recent addition to Grayscale's candidate asset list and Visa's Super Validator commitment — the Upbit listing represents another step in CC's expansion from an infrastructure token to a widely accessible institutional digital asset.
