South Korea’s Upbit Listed Mantra (OM)

Key Points

• Upbit listed OM on May 21, supporting the KRW, BTC, and USDT markets.
• The exchange will also add USDT trading pairs for ACS, GO, OBSR, QTCON, and RLY.

On May 21, the biggest crypto exchange in South Korea, Upbit, announced the listing of Mantra (OM), triggering a price spike for the digital asset.

Mantra is an L1 built for institutions and developers, offering a permissionless blockchain for permissioned apps.

Upbit also announced the addition of USDT trading pairs for more digital assets, including ACS, GO, OBSR, QTCON, and RLY.

Upbit Lists OM

In an official announcement , Upbit revealed the listing of OM on May 21. Trading opens for the following pairs:

• OM/USDT
• OM/BTC
• OM/KRW

The listing of OM was scheduled at 15:00, South Korean time.

The crypto exchange’s announcement triggered a price surge for the digital asset.

OM Price Spiked Following Upbit’s Listing Announcement

OM was trading at $0.38 on May 21, ahead of Upbit ‘s listing announcement, and the digital asset had a market cap of over $369 million.

Following the listing notes from Upbit, OM’s price spiked by over 20%, reaching a price above $0.46 and a market cap of over $450 million, before settling at current levels.

At the moment of writing this article, OM is trading above $0.45, and the coin has a market cap of over $432 million.

In a separate announcement, UPbit also revealed that it would add USDT trading pairs for more digital assets.

Upbit Adds USDT Trading Pairs for ACS, GO, OBSR, QTCON, and RLY

The new digital assets to be listed by Upbit are the following:

• Access Protocol (ACS) is a Web3 platform for digital content creators and subscribers.
• GoChain (GO) is a blockchain that solves Ethereum’s mainnet issues with fees and scalability.
• Observer (OBSR) is a weather/environment big data platform based on crowdsourcing.
• Quiztok (QTCON) is a decentralized knowledge-sharing platform for users to learn and share info via quizzes.
• Rally (RLY) is a platform that helps developers create their own independent digital ecosystems.

Upbit revealed the listing of the following trading pairs:

• USDT/ACS
• USDT/GO
• USDT/OBSR
• USDT/QTCON
• USDT/RLY

The prices of the digital assets spiked following Upbit’s announcement.

ACS’ price surged by approximately 2%, GO spiked by 90%, and OBSR’s price spiked by 2%. QTCON also surged by 3%, and RLY price surged by 67%.