FIL Filecoin jumps 30% after South Korean exchange Upbit lists token

FIL Filecoin surges 30% after South Korean exchange Upbit lists token

Trading began at 07:30 UTC.

Oliver Knight | Edited by Sheldon Rebeck April 4, 2025, 7:42 AM

What you should know:

• Filecoin's FIL token has surged 30% after South Korean exchange Upbit began trading FIL pairs.
• Tokens traded on South Korean platforms typically have higher prices than those on international markets.

Filecoin's FIL token has surged 30% after South Korean exchange Upbit began trading FIL pairs.

The token's price rose to $3.49 from $2.71 on Coinbase and is currently hovering around $3.00. Daily trading volume has increased 68% to $303 million, according to CoinMarketCap data.

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Upbit tweeted that the FIL/KRW trading pair began trading at 07:30 UTC.

Tokens listed on South Korean exchanges often come at a premium because Korea's strict financial controls make it difficult to move capital in and out of the country, creating challenges for arbitrage.

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