Upbit Lists Bittensor (TAO) Across KRW, BTC, and USDT Markets

Upbit, South Korea's dominant exchange with over 70% market share, has officially listed Bittensor (TAO) across KRW, BTC, and USDT markets, with trading going live at 4:00 p.m. KST on Feb. 16.

Deposits and withdrawals are supported exclusively on the Bittensor Network, with the exchange cautioning that transfers via unsupported networks, including EVM, will not be processed.

Supported markets include:

• KRW/TAO
• BTC/TAO
• USDT/TAO

TAO Reclaims $200

Upbit provided the following reference prices as of Feb. 16, 13:30 KST:

The listing triggered immediate volatility.

TAO briefly led the broader market following the announcement, rallying toward $215 and decisively reclaiming the key $200 psychological level. The move marked a sharp intraday expansion in momentum as traders positioned around the Upbit listing catalyst.

However, the breakout proved short-lived.

Price rotated back into the $189–$190 range, suggesting that the surge was largely announcement-driven positioning rather than sustained spot accumulation. The quick retracement points to speculative flows reacting to the Korean listing headline rather than structural demand shift, at least in the immediate aftermath.

Why the Upbit Listing Matters

Upbit is South Korea’s dominant exchange by volume and one of the most influential retail-driven markets globally. A KRW pair often introduces:

• New retail liquidity
• Increased regional visibility
• Short-term volatility from arbitrage and speculative flows
• Potential longer-term volume expansion

Whether TAO can sustain momentum above the $200 level may depend on continued spot demand out of the KRW market rather than headline-driven trading.

For now, the listing has already delivered what markets often expect from major Asian exchange adds: sharp volatility, a psychological breakout, and a rapid reality check.

Disclaimer:
This article is for informational purposes only and does not constitute financial, investment, or trading advice. The information provided should not be interpreted as an endorsement of any digital asset, security, or investment strategy. Readers should conduct their own research and consult with a licensed financial professional before making any investment decisions. The publisher and its contributors are not responsible for any losses that may arise from reliance on the information presented.