Upbit has announced trading support for Metaplex (MPLX) and Nexus (NEX) in its BTC and USDT markets, expanding the available trading pairs for both tokens on one of the largest cryptocurrency
Upbit has announced trading support for Metaplex (MPLX) and Nexus (NEX) in its BTC and USDT markets, expanding the available trading pairs for both tokens on one of the largest cryptocurrency exchanges by volume.
The South Korean exchange published a notice confirming the addition of Metaplex (MPLX) and Nexus (NEX) to its platform. Both tokens will be available for trading against BTC and USDT quote currencies. For related coverage, see Upbit Adds Zenshin (AI) to KRW, BTC and USDT Markets.
KEY TAKEAWAYS
Metaplex is a Solana-based protocol focused on digital asset standards and tools for creators. Nexus (NEX) is a separate project now gaining broader exchange availability through this listing. The announcement was also reported by Crypto Briefing. For related coverage, see Upbit Announces GAS Airdrop Payment for the Fourth Week of May.
Adding MPLX and NEX to BTC and USDT markets means traders can buy or sell these tokens directly against Bitcoin or Tether. BTC pairs allow traders to rotate between assets without converting to fiat, while USDT pairs offer a stablecoin-denominated option for those managing dollar-equivalent positions. For related coverage, see Ukraine Places $8.3M in Seized Crypto Under State Management for First Time.
Exchange listings on major platforms like Upbit typically increase liquidity and accessibility for a token. Upbit has been actively expanding its supported assets, recently adding Zenshin (AI) to its KRW, BTC, and USDT markets in a similar move.
The availability of multiple quote pairs can matter for traders who prefer to hold exposure in Bitcoin rather than stablecoins, or vice versa. It also signals that the exchange has completed its internal review process for these assets.
Traders monitoring MPLX and NEX will want to confirm when the pairs go live and whether initial liquidity is sufficient for their order sizes. Early trading sessions on newly listed pairs can experience wider spreads and elevated volatility.
Upbit has a track record of managing listing-related operational issues carefully. The exchange recently suspended deposits and withdrawals for Hippo Protocol (HP) as part of its ongoing platform management, and has maintained a regular schedule of GAS airdrop payments for eligible users.
No specific launch time or date has been confirmed beyond the initial announcement. Traders should check Upbit's official notice page for activation updates on the MPLX/BTC, MPLX/USDT, NEX/BTC, and NEX/USDT pairs.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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