South Korea-based cryptocurrency exchange Upbit has announced a change in the trading start time for its upcoming IRYS listing. According to the exchange’s update, the trading opening, previously scheduled for May 15, 2026 at 8:00 PM, has been delayed by 30 minutes to 8:30 PM due to technical and operational preparations.
Upbit will list the IRYS token on KRW, BTC, and USDT trading pairs. Deposit and withdrawal operations will be activated approximately 1 hour and 30 minutes after the announcement is published. Trading support will begin according to the newly announced schedule.
The exchange emphasized that users can only conduct transactions through the Ethereum network. It stated that transfers made through the wrong network would not be supported, and investors were advised to carefully check their token contract address.
Upbit will also implement standard protection measures after listing. Accordingly, buy orders will be restricted for the first 5 minutes, sell orders below 10% of the previous closing price will not be allowed, and only limit orders will be accepted for the first two hours.
IRYS stands out as a programmable data chain project aiming to unify data storage and smart contract execution processes on a single network within the blockchain ecosystem. The project aims to reduce cost uncertainties in decentralized data storage and provide developers with a more efficient infrastructure.
The system combines both proof-of-work and proof-of-stake models using a hybrid consensus mechanism. This structure aims to increase network security and prevent the concentration of hash power in a single actor.
The IRYS token will be used on the network for validator staking, transaction fees, and reward distribution. Analysts say the Upbit listing could increase the token’s liquidity and strengthen its visibility in the South Korean market.
Experts are warning investors to exercise caution during the initial trading hours due to the high volatility that can be seen in new listings. They specifically mention the possibility of sharp price fluctuations during the discovery phase.
*This is not investment advice.