Upbit, South Korea’s largest cryptocurrency exchange, has announced the listing of Yield Basis (YB), with trading set to go live today. The announcement boosted market interest, triggering a double-digit surge in YB’s price and a notable rise in trading activity ahead of the launch. Upbit confirmed that YB/BTC and YB/USDT trading pairs will go live on December 26 at 15:00 Korean Standard Time (KST).
Deposits and withdrawals will be supported on the Ethereum network, and transactions sent through unsupported networks will not be credited, urging users to verify network details and contract addresses before transferring funds. The contract address for YB is 0x01791F726B4103694969820be083196cC7c045fF. To comply with the Travel Rule, deposits from exchanges not included in the list of supported virtual asset service providers may not be credited, and returns may take a long time, Upbit added. As with previous listings, Upbit will apply temporary trading restrictions during the initial launch phase, including buy orders restricted for the first five minutes after trading begins, sells priced more than 10% below the previous day’s closing price, and only limit orders for roughly the first two hours to help reduce volatility and maintain orderly market conditions.
Following the announcement, YB’s price increased by over 17%. At the time of writing, the altcoin was trading around $0.43, and CoinGecko data showed a 169% surge in daily trading volume, indicating heightened investor activity. Yield Basis TVL has surged in recent months, reflecting rapid protocol adoption, with DeFiLlama recording TVL climbing from about $30 million in early October to over $200 million today. The Upbit listing arrives at a pivotal moment for Yield Basis, combining rapid TVL growth with broader exchange exposure, and market participants will monitor momentum amid token unlocks and rising competition from established DeFi platforms.
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