Upbit Lists Conflux (CFX) to Boost Liquidity in South Korean Market

Key Facts

In a move reflecting the growing interest in regulatory-compliant networks within Asia, Upbit, South Korea's largest cryptocurrency exchange, has officially announced the listing of Conflux (CFX). According to reports, the exchange will launch trading pairs against the Korean Won (KRW), Bitcoin (BTC), and USDT on July 31. This listing aims to enhance market dynamics and increase the project's appeal despite the regulatory complexities often associated with regional markets.

This expansion comes as Conflux strengthens its infrastructure, with analyst data noting the network's integration of Fireblocks for institutional custody since June 2026 and support for the Infini stablecoin. Per market data, launching three simultaneous trading pairs on a dominant venue like Upbit, operated by Dunamu, typically contributes to more efficient price discovery and tighter spreads between local and global venues, driven by intense retail participation in the Korean market.

Looking ahead, the market is focused on the anticipated Conflux 3.0 upgrade in August 2026, which targets a throughput of 15,000 transactions per second.