By Isaac • July 25, 2026 8:19 pm •
Upbit, South Korea’s largest crypto exchange, is adding MORPHO/KRW trading on July 25 and EUL/KRW trading on July 26, giving two decentralized-finance lending tokens direct Korean-won markets. The paired rollout carries one shared operational condition: deposits and withdrawals for both assets are supported only through Ethereum.
The exchange’s English notice schedules MORPHO trading for 18:00 Korea Standard Time on July 25. Current reporting places EUL trading at 12:00 Korea Standard Time on July 26, creating separate start times on consecutive days.
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Those announcements combine a trading decision with a transfer restriction, but the labels describe different layers. KRW is the quote currency for each market, while Ethereum is the sole blockchain route Upbit accepts for deposits
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