Upbit Lists Nine New Tokens Amid Samsung's $408 Million Stake in Dunamu

South Korea's leading cryptocurrency exchange Upbit added nine new tokens to its platform on June 19, including PEAQ, LIT, and AMP. The rollout was staggered, with each token receiving both BTC and USDT trading pairs, except for AMP which was listed exclusively against USDT.

The list of newly added tokens includes PEAQ, a decentralized physical infrastructure network, or DePIN, token; LIT, the native token of Litentry focusing on decentralized identity aggregation; KMNO, powering Kamino Finance, a DeFi protocol on Solana; MORPHO, the governance token of Morpho, a lending protocol optimizer sitting on top of existing DeFi lending platforms like Aave and Compound.

GRAM, formerly known as Toncoin (TON), declined by about 2.75% after being listed under its new identity. LIT slipped by approximately 1.68%, while PEAQ saw an intraday gain of roughly 21.9%. The listing comes at a time when Dunamu, Upbit's parent company, has recently concluded a significant corporate development - Samsung affiliates acquired a 4% stake in the company for $408 million.