Upbit and Bithumb Listed Same Tokens on 35 Days This Year, Raising Review Independence Questions

Cointime reports: South Korea’s two largest crypto exchanges, Upbit and Bithumb, have listed the same crypto assets on the same day on 35 trading days so far this year, raising questions about the independence of their listing reviews. On Nov. 10, Upbit listed Hyperliquid (HYPE) at 14:00 Beijing time and Bithumb opened Korean won trading at 15:30, a gap of 90 minutes. The synchronized listings may be aimed at preventing user and liquidity outflows and maintaining market share and fee revenue, with industry figures calling for stronger regulatory oversight of exchange listing reviews.