Upbit announced KRW, BTC and USDT pairs for PONS, alongside Robinhood Chain transfer requirements and restrictions on orders at launch.
Upbit has announced three trading pairs for Pons (PONS), the Robinhood Chain token, against the South Korean won, Bitcoin and Tether. Its October 8 notice scheduled PONS/KRW, PONS/BTC and PONS/USDT trading for 14:00 Korean time, or 05:00 UTC. The exchange said the start could be delayed if sufficient liquidity was not available.
The official listing notice was published at 11:37 Korean time and allowed up to an hour and a half for deposits and withdrawals to open. It does not report completed trading volume or an actual opening price. The time cited here is the exchange’s announced schedule.
Launch rules restrict buying and order types
Upbit’s rules restrict buy orders for approximately five minutes after trading begins. Sell orders priced at least 10% below the previous close are restricted during the same window. Only limit orders are available for roughly the first two hours; other order types and conditions are restricted.
A limit order sets a price boundary, but execution still depends on a matching buyer or seller. In newly listed pairs, available liquidity can leave a gap between the displayed quote and the price available for a larger trade. The previous-close and recent-price table in Upbit’s notice supplies references for the launch rules, not a guarantee of future execution prices.
Only Robinhood Chain is supported for PONS transfers. Upbit does not support deposits over other networks. Its notice also asks users to verify the token’s contract address; a matching name or ticker is insufficient.
The sending platform matters as well as the network. Under its Travel Rule procedures, Upbit uses a list of accepted service providers and says transfers from an unlisted exchange may not be credited. Personal wallets require ownership verification. Returning a transfer that cannot be accepted can take time.
Pons v2 security reviews remain unfinished
Pons lets users create and trade tokens on Robinhood Chain. Its v1 documentation describes opening a Uniswap v3 pool as a token is created. In v2, initial trades use a curve that adjusts the price with buying and selling. Once that sale stage is complete, the token graduates to a Uniswap v4 pool whose liquidity is permanently locked.
Pons says of v2’s security reviews: “No audit has closed.”
The documentation names SB Security, Dingbats and Pashov Audit Group as the teams conducting reviews. v1 continues to operate, while public token creation in v2 has not opened. The audit warning concerns the v2 protocol; Upbit’s decision to list PONS cannot be treated as evidence of a completed security audit.
A new listing does not settle exchange access
Adding a trading pair does not give users in every country the same account or transfer access. For U.S. readers assessing locally available alternatives, our crypto exchange comparison examines eight platforms, including their fees and access conditions. Upbit is not one of the reviewed platforms, and the comparison does not establish eligibility for this Korean listing.
Platform products and account conditions are covered in our exchange reviews, while listing and service changes appear in Exchange News.
