Upbit to List Metaplex and Nexus After Revising Trading Launch Schedule

TLDR

• Upbit will support MPLX trading in BTC and USDT markets through the Solana network.
• Nexus will trade against USDT, with deposits and withdrawals supported only through Ethereum.
• The exchange moved MPLX and NEX trading launch to July 4, 10:00 KST.
• Upbit will restrict buy orders and some sell orders briefly after trading opens.
• MPLX supports Metaplex governance, while NEX functions as Nexus network’s native gas token.

South Korean crypto exchange Upbit has announced new trading support for Metaplex (MPLX) and Nexus (NEX), adding both assets to selected markets after revising their launch schedule.

The exchange said Metaplex will be supported in BTC and USDT markets through the Solana network, while Nexus will be supported in the USDT market through the Ethereum network.

The latest update moved the trading start time for both assets from July 3 at 7:00 p.m. KST to July 4 at 10:00 a.m. KST.

The notice said deposits and withdrawals must use the listed networks only, as transfers through unsupported chains will not be processed by the exchange.

Upbit Adds MPLX and NEX Trading Support

Upbit’s listing notice stated that Metaplex and Nexus deposits would open within two hours of the original announcement, subject to network and exchange processing conditions. The exchange also said trading schedules could be delayed when enough market liquidity is not secured before launch.

Metaplex will trade against BTC and USDT on Upbit, giving users access to the asset through Solana-based deposits and withdrawals. Nexus will be available in a USDT pair, with deposits and withdrawals supported only through the Ethereum network.

The exchange provided contract information for both assets to reduce the risk of incorrect transfers. Upbit listed the MPLX contract as METAewgxyPbgwsseH8T16a39CQ5VyVxZi9zXiDPY18m and the NEX contract as 0xf57D49646621F563b0B905aFc8336923AC569Ec5.

Trading Rules Apply After Market Opening

Upbit said buy orders will be restricted for about five minutes after trading begins. The exchange also said sell orders priced more than 10% below the previous closing price will be restricted for about five minutes.

For around two hours after the market opens, only limit orders will be allowed, while other order types and conditional orders will not be supported during that period. These measures are part of Upbit’s standard trading controls for newly listed digital assets.

The exchange said CoinMarketCap pricing data would be used to set trading restriction prices. MPLX was shown at 0.00000034 BTC and around 0.02089 USDT at the cited reference time, while NEX was shown near 0.00000184 USDT.

Metaplex and Nexus Project Details

Metaplex is a digital asset infrastructure protocol built for Solana and SVM-based networks, supporting NFT issuance, token metadata, collections, and large-scale asset creation. Its MPLX token is used for Metaplex DAO governance, utility functions, and protocol-related treasury activity.

Nexus is a Layer 1 blockchain that combines verifiable computation with financial applications. It uses Cosmos SDK and CometBFT architecture with an EVM-compatible execution environment designed to support Ethereum smart contracts and developer tools.

The Nexus ecosystem includes Nexus zkVM and Nexus Network, which are intended to support externally sourced computing and verifiable execution. The NEX token serves as the native gas asset for fees, validator staking, and rewards for verifiable computation providers.

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