On July 28, the biggest crypto exchange in South Korea, Upbit, announced that it will launch Optimism (OP).
Optimism is an L2 blockchain on Ethereum, and it benefits from the security of the chain’s mainnet, helping scale the Ethereum ecosystem by using optimistic rollups.
The crypto exchange also shared the official listing note via X:
신규 디지털 자산 옵티미즘(OP) 거래지원 안내
✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점 : 2025-07-28 16:30 KST 예정🔗 공지 바로가기: https://t.co/Fo0ipUYBq1#Upbit #OP@Optimism pic.twitter.com/LeQmxnA3QE
— Upbit Korea (@Official_Upbit) July 28, 2025
Upbit’s OP Listing Announcement
In an official announcement, Upbit revealed that it will list OP and launch the following trading pairs at 16:30 KST:
- OP/BTC
- OP/USDT
- OP/KRW
Following the crypto exchange’s announcement, the price of OP spiked.
OP Price Trajectory on July 28
Ahead of Upbit‘s announcement, OP was trading at approximately $0.74, with a market cap of $1.4 billion. Following the crypto exchange’s listing notes, OP price spiked by almost 9%, reaching a price above $0.84 and a market cap of over $1.47 billion, before settling at current levels.
At the moment of writing this article, OP is trading above $0.8, with a market cap of more than $1.41 billion. The digital asset is up by more than 10% in the past 24 hours, and its 24-hour trading volume is more than $506 million.
