BICO, BMT, NIL and GWEI Gain New BTC and USDT Trading Pairs on Upbit

The South Korean exchange's listings coincided with gains across all four assets, led by ETHGas's GWEI token.

Upbit, one of South Korea’s largest cryptocurrency exchanges, has expanded its trading offerings with new BTC and USDT pairs for four tokens. The additions cover BICO, BMT, NIL and GWEI, according to CryptoBriefing. The move gives users on the platform direct access to these assets against both Bitcoin and the dollar-pegged stablecoin Tether.

Exchange listings of this kind often serve as a liquidity milestone for smaller tokens. Adding pairs against BTC and USDT typically broadens the pool of traders who can access an asset without first converting into Korean won or another local pair. For projects still building trading infrastructure, a listing on a major exchange like Upbit can meaningfully change how easily their tokens are bought and sold.

BeInCrypto reported that all four tokens saw price gains following the listing news, with GWEI, the token associated with ETHGas, leading the group at roughly 11%. The other three tokens, BICO, BMT and NIL, also moved higher, though the report did not detail the exact size of those gains.

Upbit has a long history of influencing short-term price action for tokens it lists or expands trading access to. South Korea remains one of the most active retail crypto markets globally, and listings on its top exchanges frequently draw immediate trading volume. That dynamic can produce sharp price swings in the hours after an announcement, independent of any change in a token’s underlying fundamentals.

It is not yet clear whether the price gains reflect sustained investor interest or a short-term reaction typical of listing announcements. Historically, such moves can fade once initial trading activity settles, though outcomes vary by token and market conditions at the time.

Neither source detailed the exact timing of when the new pairs went live relative to the price moves, nor whether Upbit issued additional context such as trading fee promotions or risk warnings that sometimes accompany new listings. Readers should treat the reported gains as a snapshot tied to the listing news rather than a guaranteed market trend.

Market Impact

New trading pairs on a major exchange like Upbit generally increase short-term liquidity and visibility for the listed tokens. This can attract new buyers who previously lacked easy access to BICO, BMT, NIL or GWEI, contributing to the price gains reported by BeInCrypto.

However, listing-driven rallies can be volatile and short-lived. Traders should be aware that price reactions tied to exchange announcements often normalize once initial demand is absorbed, and the sustainability of these gains will depend on broader market conditions and continued trading interest beyond the listing event itself.

Upbit's decision to add BTC and USDT pairs for these four tokens highlights how exchange listings continue to move prices in the short term. Whether the gains hold will depend on trading activity in the days following the announcement.

Frequently Asked Questions

Which tokens did Upbit list new trading pairs for?

Upbit added BTC and USDT trading pairs for BICO, BMT, NIL and GWEI, according to CryptoBriefing.

How did prices react to the listings?

BeInCrypto reported that all four tokens gained in price, with GWEI, tied to ETHGas, leading the group with an increase of about 11%.

Why do exchange listings often affect token prices?

Listings on large exchanges like Upbit can increase liquidity and trading access, which frequently drives short-term price movement as new buyers enter the market.

Is the price increase expected to last?

It is unclear whether the gains will hold, since listing-driven price moves can be temporary and often depend on ongoing trading interest after the initial announcement.