Exchanges· ★★★· neutral·

Kaia lists on Upbit as South Korea's tradable token count falls 5%

  • —Upbit opened KAIA trading in KRW, BTC and USDT pairs on Oct. 9
  • —New listings fell 46% to 135 in H1 from 250 in H2 2025
  • —Delistings rose 64% to 108 cases from 66
  • —40% of delistings cited project viability and foundation risks
Why it matters: Tighter listing standards and a long-standing ICO ban are pushing Korean projects toward stablecoins, payments and RWA revenue instead of exchange listings.
Source: Blockmedia