Ramazan Eles 
Upbit, South Korea’s largest cryptocurrency exchange, has announced the listing of a new altcoin, Oasys (OAS).
The listing comes as Bitcoin (BTC) and Ethereum (ETH) trading volumes continue to lag behind altcoin volumes in South Korea.
Oasys is a layer-1 blockchain designed for high-performance and secure NFT marketplaces and games. It aims to provide a scalable and sustainable solution for the growing NFT and gaming ecosystem.
Upbit made the announcement on its official website on December 18, stating that it had listed OAS at 10:00 AM KST today.
The exchange’s statement noted that OAS deposits would only be open for the Oasys network. Upbit also warned against transfers from other networks.
OAS will be traded in BTC and South Korean Won (KRW) pairs. Following the listing, investors will be able to trade OAS/BTC and OAS/KRW pairs.
According to CoinGecko data, the OAS price skyrocketed after the listing announcement. The OAS price surged 62% from $0.0616 to $0.1007. After a significant pullback, the altcoin is currently trading at $0.0714, up 13% in the last 24 hours.