Conflux (CFX) Lists on Upbit: What Traders Need to Know

Conflux (CFX) has just been listed on Upbit spot, marking another major exchange milestone for the layer-1 blockchain project. This listing brings CFX to one of the most influential crypto exchanges in Asia, potentially boosting liquidity and visibility. Here's a breakdown of what this means for traders and where the token stands right now.

What Happened?

Upbit announced the new listing of Conflux (CFX) on its spot market, allowing users to trade CFX against KRW and possibly other pairs. The notice was published on Upbit's official service center, confirming the token's availability to a broad base of South Korean retail and institutional traders.

This is not CFX's first exchange appearance—it already trades on major platforms like Binance and Hyperliquid—but the Upbit listing is significant due to the exchange's high volume and strong retail participation. Historically, listings on Upbit have led to short-term price spikes for newly added tokens, though such moves are never guaranteed.

Market Snapshot

As of the latest data, Conflux is trading around $0.0508, up 2.14% over the last 24 hours. The token has a circulating supply of approximately 5.21 billion CFX and is active on 269 markets globally, with a 24-hour trading volume of $15.18 million. These figures indicate a well-established project with steady liquidity, even before the Upbit listing.

CFX's price history shows it reached an all-time high of $1.85 in March 2021, but has since corrected significantly. Recent price alerts from our system show a mix of spikes and drops across various timeframes, reflecting typical volatility for a mid-cap altcoin.

Why Conflux?

Conflux is a layer-1 blockchain that uses a hybrid PoW and DPoS consensus mechanism, aiming to solve scalability issues without sacrificing security or decentralization. The project is particularly notable for its strong presence in the Chinese blockchain ecosystem, earning it the "Made in China" tag. It supports smart contracts, DeFi, NFTs, and Web3 applications, making it a versatile platform.

The token itself serves multiple purposes: paying transaction fees, staking for rewards, renting storage, and participating in network governance. With a growing ecosystem and backing from major players like Huobi Capital and DWF Labs, CFX has carved out a niche in the competitive layer-1 space.

Token Snapshot

• Symbol: CFX
• Name: Conflux
• Launched: October 2020
• Category: Coin (Layer 1)
• Consensus: Hybrid PoW & DPoS
• Total Supply: Infinite (self-reported circulating supply: ~5.21B)
• Tags: Mineable, PoW, Platform, DeFi, NFTs, Smart Contracts, Staking, Web3, Binance Ecosystem, Injective Ecosystem, DWF Labs Portfolio, Made in China
• Explorer: ConfluxScan
• Website: confluxnetwork.org

Risk Notes

Trading cryptocurrencies involves significant risk. The information provided here is for educational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.

• Volatility: CFX has shown sharp price swings in the past, as evidenced by recent alerts showing drops of up to 6.8% in short timeframes. Be prepared for rapid moves.
• Exchange Risk: While Upbit is a reputable exchange, any centralized platform carries risks such as hacks or regulatory actions. Use secure wallets where possible.
• Delisting Risk: A recent announcement from Bitvavo indicates that CFX will be delisted from that exchange on December 22nd. This highlights that not all exchanges are adding CFX, and some are reducing exposure. Monitor exchange-specific news.
• Supply Concerns: With an infinite max supply, inflation could pressure the price over the long term. Keep an eye on emission schedules and staking dynamics.

Where to Trade

CFX is now tradable on Upbit (spot), and it also remains available on other major exchanges like Binance and Hyperliquid. If you're looking to automate your trading strategy around this listing, consider using our trading bot to capture opportunities in real time.

Trade with our bot

Stay tuned for more updates as the market reacts to this new listing. Happy trading!