Summary
- Upbit and Bithumb added MPLX and NEX to KRW markets on July 3 2026.
- The Metaplex Upbit listing and NEX Bithumb listing produced sharp volume and price moves.
- MPLX recorded a 45 percent price gain and 482 percent volume increase after the dual listings.
Upbit and Bithumb listed Metaplex (MPLX) and Nexus (NEX) for KRW trading on July 3 2026. The moves opened direct KRW pairs on South Korea's top platforms. Trading activity rose fast.
Both exchanges shifted their launch times. Upbit set a new 7:00 PM KST start for both tokens on July 3. It later pushed MPLX to July 4 at 10:00 KST.
Context
Korean retail traders react fast to new listings on Upbit and Bithumb. The Metaplex Upbit listing and NEX Bithumb listing gave these tokens their first direct KRW pairs.
Upbit leads South Korea with roughly 40 billion dollars in Q1 2026 volume. Bithumb added its own KRW pairs that same day.
Details
Upbit delayed MPLX from its original 3:00 PM slot and NEX from 6:00 PM. It aligned both at 7:00 PM KST on July 3. Bithumb opened MPLX/KRW at 06:00 UTC and NEX/KRW at 09:00 UTC on July 3.
Price moves followed fast. MPLX climbed 45 percent. Its volume surged 482 percent based on post-announcement data.
"The dual listing of Metaplex (MPLX) and Nexus (NEX) on Upbit and Bithumb on July 3, 2026, has already sparked a significant short-term rally."
, Listing Impact and Price Action (www.fereai.xyz)
Bithumb's KRW pairs backed Upbit's support. The Metaplex Upbit listing included BTC and other pairs. The NEX Bithumb listing focused on direct KRW access.
Short-term rallies after major listings often fade without sustained fundamentals or adoption.
Outlook
Traders will watch whether MPLX and NEX hold elevated volumes once the first listing flows ease. Future updates on deposit support and extra pairs will give the next clear signals.