Yigit Taha OZTURK 
One of South Korea’s leading cryptocurrency exchanges, Upbit, has officially announced the listing of Filecoin (FIL) in its KRW market. Starting April 4, 2025, users will be able to trade FIL with KRW.
Listing Details
- Trading Pair: FIL/KRW
- Trading Start Time: April 4, 2025, 07:30 UTC
- Supported Network: Filecoin (FIL)
Upbit users must ensure that deposits are made only through the Filecoin network. Deposits from unsupported networks will not be processed and may take a long time to return.
Trading Restrictions in the First Hour
- Buying will be restricted for the first 5 minutes.
- Selling orders must be at least 90% of the previous day’s closing price for the first 5 minutes.
- Only limit orders will be accepted for the first 1 hour.
These measures aim to reduce market volatility and ensure a smooth trading experience.
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What is Filecoin (FIL)?
Filecoin is a decentralized storage network built on the InterPlanetary File System (IPFS). It allows users to store data securely while enabling storage providers to earn FIL tokens as payment.
- Official Website: Filecoin.io
- Official X Account: Filecoin X
The cryptocurrency market is highly volatile, and investors should be prepared for rapid price fluctuations. Upbit is implementing temporary trading restrictions to create a stable trading environment. Additionally, investors should be aware of price differences between local and global exchanges.
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