Worldcoin Rallies 20% After Upbit Listing

Upbit, South Korea’s largest crypto exchange, announced that it’s listing Worldcoin today. WLD rallied in response, maintaining gains of over 20% after the initial spike began to taper off.

After Worldcoin faced a few setbacks in various national jurisdictions, this platform is a powerful sign of confidence. Upbit is planning to make major global expansions in the future, giving WLD a huge market of new investors.

Upbit’s Worldcoin Listing

Worldcoin has been hot in the markets recently, reaching a two-month high yesterday and receiving interest from a new digital asset treasury.

This morning, Worldcoin spiked again by 17% after Upbit announced that it was listing the token:

Specifically, Upbit announced that it was enabling Worldcoin trades in Korean won (KRW), Bitcoin, and Tether’s USDT.

It supports multichain deposits and withdrawals through Ethereum, Optimism, and the token’s own native blockchain. WLD’s initial spike has already dissipated, but the token nonetheless rose over 20% today:

Worldcoin Price Performance. Source: CoinGecko

Long-Term Impacts

Upbit’s token listings have a demonstrated positive impact on asset prices, so Worldcoin’s spike is no surprise.

Still, this development is bullish for several reasons, a few of which may not materialize immediately.

Although the identity verification project has made recent gains, it’s still hugely controversial for privacy reasons.

Multiple countries have restricted or outright banned the software in the past few months, presenting major defeats. If Upbit has confidence in Worldcoin, that could help counter some of the project’s other setbacks.

Plus, Upbit is South Korea’s largest exchange, and it’s planning to make ambitious global expansions in the future.

As long as WLD is live for sale on the platform, future developments could introduce the token to novel markets worldwide.

In short, the Upbit listing can both shore up Worldcoin’s failures and set it up for new successes.

Between this and some recent technological breakthroughs, WLD may have a very profitable run in the near future.