South Korea’s Upbit listed Internet Computer (ICP) with Korean won (KRW), Bitcoin (BTC), and Tether (USDT) pairs on March 11, sending the token up over 20%. The listing opens ICP to South Korea’s retail liquidity base for the first time through direct fiat access, a market channel historically associated with sharp short-term price moves on newly listed tokens. Why it matters: Korean retail traders can now buy ICP directly with KRW, bypassing stablecoin conversion and lowering friction for new buyers. Direct fiat access on Upbit, which controls roughly 70% of South Korean exchange volume, typically accelerates inflows into newly listed assets