Upbit Introduces ORDER Token to KRW Market: Trading Launch Scheduled for October 24, 2025

Upbit, one of South Korea's top digital asset exchanges, is making significant strides in expanding its trading options by listing the ORDER token on its KRW market. Trading is slated to begin on October 24, 2025, at 4:00 PM KST, marking a pivotal moment for investors and decentralized finance (DeFi) enthusiasts.

Overview of ORDER Token and Ecosystem Purpose

ORDER is a groundbreaking project designed to revolutionize the DeFi landscape. By providing a cutting-edge orderbook-based trading infrastructure and liquidity layer, ORDER aims to address longstanding challenges within the DeFi ecosystem. Specifically, it seeks to unify fragmented liquidity pools spread across multiple blockchains. This initiative alleviates prominent issues faced by DeFi users, such as complexities in bridging assets between chains and persistent liquidity shortages.

At the heart of the ORDER ecosystem lies the ORDER token, which plays a crucial role in incentivizing participation and boosting liquidity. The token serves dual purposes: it is utilized for staking, providing users with rewards for locking their assets in the platform, and governance, allowing token holders to influence decision-making processes within the project.

Upbit has clarified that deposits and withdrawals for ORDER will only be supported via the Ethereum (ETH) blockchain. Users need to ensure they verify the Ethereum network and the correct contract address, listed as 0xABD4C63d2616A5201454168269031355f4764337, before initiating any deposits. Failure to follow these instructions may lead to issues such as deposits being unrecoverable.

Trading Restrictions During Initial Phase

Upbit has implemented a set of rules and restrictions for the initial trading phase of ORDER to ensure a smooth rollout and prevent market manipulation or excessive volatility. These temporary measures include:

• Reference Price: The opening reference price for ORDER has been set at 0.000002 BTC per token, which equates to approximately KRW 331.1. This valuation is based on the closing price of Bitcoin from the previous day in the BTC trading market.

• Limited Buy Orders: For the first five minutes post-listing, users will be restricted from placing purchase orders, allowing only sell transactions. This helps maintain market stability during the introductory phase.

• Sell Price Caps: For the same initial five minutes, sell orders will be capped at prices 10% below the reference price, preventing abrupt market fluctuations.

• Restricted Order Types: During the first two hours of trading, only limit orders will be enabled. Other order types, including market orders, will be temporarily unavailable to add further safeguards against volatility.

Importance of Travel Rule Compliance

Upbit has reiterated the critical importance of adhering to Travel Rule regulations for all ORDER token transactions. As part of South Korea's compliance measures, deposits made through exchanges not recognized under the approved list of Virtual Asset Service Providers (VASPs) will not be credited to user accounts.

This policy reflects the growing emphasis on compliance in the cryptocurrency sector to counter money laundering and other illicit financial activities. Users attempting deposits through non-compliant exchanges should anticipate potential delays and complications, including extended refund processing times. Upbit urges its customer base to exercise due diligence in verifying exchange statuses to avoid unnecessary disruptions in their trading activities.

Key Takeaways for Investors and Traders

The listing of ORDER on the Upbit KRW market represents an exciting addition to the DeFi ecosystem, particularly for South Korean traders. It signals continued innovation within the cryptocurrency industry and increased accessibility to tokens offering unique solutions to liquidity and asset management challenges.

While the initial restrictions on trading impose certain limitations, these safeguards aim to ensure a smooth and secure rollout of ORDER into the marketplace. Coupled with stringent compliance measures such as the Travel Rule, Upbit emphasizes transparency and user protection as it moves forward with this highly-anticipated token listing.

Whether you’re an avid DeFi participant, a long-term investor, or a newcomer eager to explore new token opportunities, the introduction of ORDER is undoubtedly an event to watch on October 24, 2025.