Upbit, South Korea’s leading cryptocurrency exchange, has announced the listing of four new altcoins: Ether.fi (ETHFI), Resolv (RESOLV), Initia (INIT), and Spark (SPK). The news led to modest price increases for all four tokens.
According to the official announcement, trading for the new tokens began today at 15:00 Korean Standard Time (KST), with deposits and withdrawals becoming available two hours later. The tokens will be tradable against Tether (USDT) and Bitcoin (BTC). The announcement also specified that ETHFI, RESOLV, and SPK will be supported on the Ethereum network, while INIT will run on its own Initia network. Upbit clarified that the newly listed SPK token is different from a previous airdrop of a token with a similar name.
To ensure market stability during the initial trading phase, Upbit has implemented temporary restrictions. For the first five minutes of trading, buy orders were suspended, and sell orders priced more than 10% below the previous day’s closing price were restricted. For the first two hours, only limit orders were permitted.
In the secondary markets, the tokens showed varying levels of gains following the announcement. RESOLV saw the largest jump, climbing 11.4%, while ETHFI, INIT, and SPK each saw initial increases of between 5% and 10% before easing slightly. The listings for these four tokens come amid a busy period for major exchanges, with Upbit, Coinbase, and Bithumb recently adding support for the Lombard (BARD) token as well.
September 2025, Cryptoniteuae
