Berachain Makes Debut on South Korean Exchanges Upbit and Bithumb

Berachain, the new Ethereum Virtual Machine (EVM)-compatible layer 1 blockchain, is set to make its debut in the South Korean market with listings on two major crypto exchanges: Upbit and Bithumb. The token, BERA, will be available for trading starting February 6 at 22:00 KST, coinciding with the launch of Berachain’s mainnet.

Trading Details and Exchange Support

Both Upbit and Bithumb will offer trading support for BERA, but with some unique conditions for each exchange:

• Bithumb will list BERA exclusively on its Korean won (KRW) markets. During the first five minutes of trading, the exchange will impose trading restrictions on buy and sell orders, limiting them to less than 10% and more than 100% of the standard price. Once this initial period concludes, users will be able to place automatic orders.

• Upbit, meanwhile, will offer BERA trading in multiple markets, including Korean won (KRW), Bitcoin (BTC), and Tether (USDT). However, Upbit has issued a cautionary note, stating that the start time for trading may be subject to change depending on whether there is enough liquidity for BERA.

Deposits and withdrawals of BERA will be facilitated exclusively through the new Berachain mainnet, which will launch on the same day as the token's debut.

Berachain's Transition from NFT Project to Blockchain Ecosystem

Berachain initially began as an NFT project called Bong Bears but has since evolved into a full-fledged blockchain ecosystem. This transition is now marked by the upcoming launch of the Berachain mainnet, which is expected to bring significant scalability improvements to Ethereum-based applications, thanks to its unique Proof-of-Liquidity consensus mechanism.

The launch of BERA on two of South Korea’s largest exchanges is a major milestone for the project, signaling its readiness for broader adoption in the global crypto market.

Other Listings on Upbit: Jito and Scroll

In addition to Berachain, Upbit will also be listing two other tokens—Solana-based Jito (JTO) and Scroll (SCR)—on February 6. These tokens will be available for trading in Bitcoin (BTC) and USDT markets only.

• Scroll (SCR) received a noticeable boost in price after the announcement, with its value rising by more than 15% within the past 24 hours, currently trading at $0.68. Despite a modest increase of only 0.71% over the past week, the token appears to be gaining momentum.

• Jito (JTO), however, has not experienced a similar surge. Its price has remained relatively flat, gaining just 0.28% in the past 24 hours and continuing a downward trend of 15.8% over the last seven days.

Conclusion

Berachain’s listing on Upbit and Bithumb marks an important step in the project's journey from NFT platform to a comprehensive blockchain ecosystem. With a unique consensus mechanism and a promising mainnet launch, Berachain could attract significant attention from developers and investors alike. The South Korean exchange listings also signal growing global interest in the project.

As Berachain begins trading alongside other tokens like Jito and Scroll, its success in the market will likely depend on the liquidity and demand generated by these key exchanges. Crypto enthusiasts and investors will be keeping a close eye on the project’s future developments and its potential to disrupt the blockchain space.