source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
2025. Apr. 04. 07:42
Filecoin's FIL token spiked by 30% after South Korean exchange Upbit started listing FIL trading pairs.
The token rose to as high as $3.49 from $2.71 on Coinbase and was recently trading around $3.00. Daily trading volume increased by 68% to $303 million, according to CoinMarketCap.
Upbit said in a tweet that the FIL/KRW trading pair went live at 07:30 UTC.
Tokens listed on South Korean exchanges often trade at a premium because strict financial controls in Korea means that it is difficult for capital to flow in and out of the country, leading to a lack of arbitrage opportunities.