Upbit MPLX NEX Listings Drive Volumes in July 2026

Summary

• Upbit lists MPLX in BTC and USDT trading pairs starting July 3 2026 at 7:00 PM after a postponement.
• Bithumb schedules MPLX and NEX for KRW trading on the same day, opening the tokens to South Korean retail flows.
• MPLX price rose 82 percent while trading volume jumped 1,327 percent after the MPLX Upbit listing announcement.

South Korea's top two exchanges opened trading for Metaplex (MPLX) and Nexus (NEX) on July 3 2026. Upbit added MPLX in BTC and USDT pairs at 7:00 PM after shifting the start time from 3:00 PM. Bithumb listed both tokens against KRW and gave immediate local market access.

The coordinated listings arrived amid rising altcoin interest. They positioned the tokens for higher visibility inside one of the world's most active retail crypto markets. Metaplex gained South Korea exposure through these venues and brought fresh liquidity plus immediate price movement.

Context

Upbit and Bithumb dominate South Korean crypto volume. Their decisions to list MPLX and NEX reflect broader demand for Solana and Ethereum ecosystem tokens in the region. The announcements aligned with heightened trading activity across altcoins.

The timing stood out for both projects. The NEX Bithumb listing and the MPLX Upbit listing expanded token reach without new infrastructure from either project. South Korean exchanges remain key gateways. Local retail traders often concentrate activity on domestic platforms.

Details

Upbit confirmed MPLX trading in BTC and USDT pairs on July 3 2026. The start time moved from the originally planned 3:00 PM to 7:00 PM. Bithumb scheduled MPLX at 06:00 UTC and NEX at 09:00 UTC the same day, both in KRW pairs.

Following the MPLX Upbit listing announcement, the token price increased 82 percent while volume rose 1,327 percent. These moves occurred on the back of deposit support opening ahead of live trading.

"South Korea's largest exchange adds MPLX, opening access to a massive, high-volume market."

, CoinMarketCap (Source)

The listings created direct KRW and stablecoin pairs that previously did not exist for these tokens on major Korean venues. Both exchanges cited standard review processes and market demand as drivers.

Reaction

Traders reacted quickly once deposit windows opened. Volume spikes appeared within hours on Upbit, with MPLX showing the strongest initial move. Bithumb's KRW pairs added another on-ramp that further supported activity across both tokens.

Market participants noted the listings as straightforward expansions rather than unexpected events. The price and volume data released after the announcements confirmed immediate uptake.

The next milestone to watch is sustained volume after the first week of KRW and USDT pairs on both platforms. Observers will track whether the initial surge translates into ongoing liquidity for MPLX and NEX inside the South Korean market.