The price of Filecoin (FIL) quickly pumped over 11% earlier today after Korean crypto exchange Upbit announced that it will launch a FIL/KRW trading pair on its platform.
While the crypto market is going through a downtrend and most altcoins are falling, FILE price has seen a renewed interest after being made available to Korean traders in local currently pair.
As per the market data, the Filecoin price pumped from $2.7123 to $3.0317 – spiking 11% in minutes – after Upbit’s official announcement. At the time of writing, FIL is trading near $2.76, up 5.40% in the past 24 hours.
Upbit is the largest crypto exchange in South Korea and the Korean market is considered one of the most influential in crypto space. Some recent reports found that South Korea has over 16 million crypto users who actively trade and invest in cryptocurrencies.
The FIL/KRW trade went live at the local time of 4:30 PM on 4 April. With this listing, Filecoin has seen a massive increase of 190% in its 24 hour trading volume, which currently sits at $520 million.
This latest trading pair has increased Filecoin’s total markets to 284 with Upbit being its 5th largest market by trading volume.
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