Upbit opened Curve DAO (CRV) trading in KRW and USDT markets at 4:00 UTC on August 21, 2026, and both pairs are still listed. CRV rose roughly 14 to 18 percent that day in a market-wide rally and traded at $0.3653 on October 20. Korea now carries a small share of its volume.

Correction, October 7 The first version of this page credited Coin Gabbar for the listing-day price range and the Epoch 6 emissions figures. The Coin Gabbar note we can retrieve, dated July 31, contains neither, so the price range is removed. It also described a 17 million CRV founder grant as recent news. The proposal was for 17.45 million CRV and was posted on December 14, 2025.

Where it stands

Upbit announced the listing on August 20. Deposits opened about two hours before the 4:00 UTC start, which is 1:00 p.m. in Korea, and Upbit applied its usual temporary limits on some order types in the first hours. It also told users to verify the official CRV contract address, since listing days attract lookalike tokens.

CRV traded near $0.2077 on July 31, Coin Gabbar noted, three weeks before the listing. On August 21 CoinMarketCap and Cryptonews.net headlines put the gain at about 18 and 14 percent. The same day bitcoin held above $75,000 and the whole market ran hot, so the move is a rally-plus-listing composite, not a clean Upbit effect.

Figure 01The Upbit CRV launch setup on August 21, 2026, from the exchange announcement as covered by Bitcoin World.

By October 20 the listing had still not turned Korea into a main market. On October 7 CoinGecko showed Upbit's CRV/KRW pair at about $452,000 of daily volume. Upbit's own daily candles put the pair's turnover at about 276 million won on October 19, roughly $207,000 at that day's exchange rate, less than any of the ten largest venues on CoinGecko's list. Bithumb also lists CRV/KRW, and we did not establish when that pair began.

CRV 24-hour volume by venue, October 20
$0M $2M $4M $6M Binance: $6.01M $6.01MBinance Bybit: $3.78M $3.78MBybit Kraken: $3.46M $3.46MKraken Coinbase: $3.08M $3.08MCoinbase OKX: $2.66M $2.66MOKX Upbit: $0.21M $0.21MUpbit
Figure 02Converted 24-hour volume on CoinGecko for five CRV venues on October 20, 2026, in millions of US dollars. The Upbit bar is the won pair's October 19 turnover from Upbit's own daily candles, converted at 1,331 won per dollar. CoinGecko also lists BitDelta at a far higher figure, left out here as an outlier next to every other venue.

What drives CRV

Curve has had a productive year. Its Yield Basis markets, built on Curve's automated market maker, traded $1.97 billion in the first half of 2026 and paid liquidity providers about $10.98 million in fees, Crypto Briefing reported on August 19.

Founder Michael Egorov proposed a 17.45 million CRV grant on December 14, 2025 to fund a 25-member team at Swiss Stake AG. The work includes Llamalend V2, FXSwap (an on-chain foreign exchange platform) and the crvUSD lending system. Voting was still open when crypto.news reported, and we did not find the final result.

Emissions are the perennial bear case. CoinMarketCap's digest says Curve entered Epoch 6, cutting annual CRV issuance to about 97.2 million, below 100 million for the first time. The digest dates the change September 26, while our first version placed it in August. We could not confirm the date in Curve's documentation.

CoinGecko counts 1.58 billion of 2.43 billion CRV as circulating. On October 20 the token was $0.3653, flat over seven days and up about 10 percent over 30, with a market cap near $577 million.

Risks and open questions

A won pair changes the ownership base, not the fair value. CoinGecko's all-time high for CRV is $15.37, set on August 13, 2020, so the token trades about 98 percent below its peak. A listing alters who can buy it, and it does nothing about that distance or about the pace of new issuance.

Korean retail concentrates in tokens it can buy directly in won, and CRV now sits on that shelf next to Morpho's MORPHO. The comparison to Conflux's CFX listing in July still holds: pops tied to access fade once the access story is priced. Our listings guide explains why the quote currency is the signal in these announcements.

What to watch next:

  • Whether Upbit's CRV/KRW volume grows beyond its current share.
  • A dated source for Epoch 6 and the emissions cut.
  • The outcome of the Swiss Stake grant vote.

A listing is a liquidity event, not an endorsement, and nothing here is financial advice. No legitimate service will ask for your seed phrase to claim, deposit or migrate anything.

Not financial advice Listings often spike and then fade once the first wave of buyers is done. Nothing here is a suggestion to buy this token. Check dates on the exchange's own announcement page before trading: schedules slip. Our listing reaction data shows how new listings have typically traded.