Bittensor (TAO) swings as Upbit lists KRW, BTC, USDT pairs

Upbit lists Bittensor (TAO) with KRW, BTC, USDT trading support

Upbit, south korea’s largest cryptocurrency exchange, listed Bittensor (TAO) on February 16, 2026 with KRW, BTC, and USDT spot pairs, according to CryptoRank. The move introduces TAO directly to Korea’s fiat market via KRW while expanding liquidity across BTC and USDT crosses.

The listing formalizes access for domestic traders within a regulated on-ramp and is likely to broaden market participation. It also positions TAO within a venue known for concentrated retail volumes during high-visibility listings.

Why it matters: KRW access, Korean liquidity, and arbitrage flows

KRW pairing provides direct fiat access for Korean market participants and can catalyze cross-venue arbitrage between KRW books and USD- or USDT-denominated markets. CoinMarketCap noted a nearly 8% reaction alongside arbitrage activity after the announcement, underscoring how Korean liquidity can compress or widen spreads across venues.

Community commentary has framed the dynamic as a fast repricing impulse when Korean order flow engages. “The ‘Upbit Effect’ is officially in play for Bittensor (TAO),” said Binance Square in a post.

Following the listing, TAO rallied intraday toward roughly $207 before quickly slipping below $190, as reported by CoinPedia. The outlet characterized the pattern as a short-term liquidity sweep rather than evidence of a sustained breakout.

These swings illustrate elevated event-driven volatility common around new exchange listings. Price discovery can be abrupt and two-sided as market makers and arbitrageurs recalibrate inventories across KRW and non-KRW venues.

Trading mechanics and risk signals after the Upbit listing

Deposits and withdrawals: native Bittensor only; no EVM support

Upbit supports TAO deposits and withdrawals only on the native Bittensor network; EVM networks are not supported, according to Wu Blockchain. Using unsupported networks can result in failed credits or irreversible loss, a common operational risk when assets exist across multiple infrastructures.

Volatility, KRW arbitrage, and key levels: $180–185, $200–210

KRW-book participation can widen or compress basis versus USD markets, encouraging arbitrage that often accelerates mean reversion after sharp moves. Based on the $207 intraday high and sub-$190 retracement, traders are watching $200–210 as near-term resistance and $180–185 as initial support. These are interpretive reference zones, not assurances of future behavior.

FAQ about Upbit listing

Does Upbit support TAO deposits and withdrawals only on the native Bittensor network or are EVM networks supported?

Upbit currently supports deposits and withdrawals only on the native Bittensor network; EVM-network TAO transfers are not supported.

How did the Upbit listing affect TAO’s price and volatility (e.g., ~8% jump, $207 intraday high, drop below $190)?

TAO jumped intraday toward $207 after the announcement, then fell below $190, reflecting elevated, listing-driven volatility and short-term arbitrage.