South Korea’s Bithumb Lists GoPlus; $GPS Surges Over 20% Briefly

Key Highlights:

• Bithumb added GoPlus ($GPS) to its KRW market, triggering a brief 20% price spike soon after listing.
• $GPS, a Web3 security layer token, supports staking, security services, and transaction protection across blockchain networks.
• Early trading saw volatility controls and Travel Rule limits in place as the market tested demand for the newly listed asset.

South Korea’s crypto exchange Bithumb has announced the listing of GoPlus ($GPS), adding the token to its Korean Won market and triggering a sharp but brief price reaction. Soon after the listing notice went live, $GPS jumped more than 20% before pulling back. The crypto is currently trading at $0.01292, after a 4.6% gain over the past hour.

The listing marks a fresh entry for $GPS into one of Asia’s most active retail trading markets.

Bithumb Lists GoPlus ($GPS)

According to the exchange, GoPlus will be supported on the KRW trading pair, and deposits and withdrawals will be available on the BASE network only. Transfers from other networks will not be accepted, which is a standard requirement for new listings on the platform.

Trading for $GPS is scheduled to begin at 7:00 PM local time on Tuesday, February 24, 2026. The base priceis set at 19.21 Korean won, and the token requires 200 deposit confirmations before funds are credited. Deposits and withdrawals are expected to open within two hours after the listing announcement.

GoPlus is a Web3 security layer that aims to provide protection services across multiple blockchain networks. The project focuses on transaction-level security, scanning, and risk alerts for users interacting with decentralized applications. Its system is designed to be open and permissionless, allowing developers and users to integrate security tools directly into their workflows.

As for its ecosystem, the $GPS serves multiple functions. It is used for paying service fees, staking, and covering security-related transaction costs. The project states that it wants to offer a user-focused and decentralized safety layer that can operate across different chains without requiring heavy technical setup from end users.

As with most new listings, the exchange has placed temporary trading restrictions to manage volatility during the early hours. Buy orders are limited for the first five minutes after trading begins. Sell orders are also restricted during the same window if they fall below 10% or above 100% of the base price. In addition, only limit orders are allowed for the first two hours of trading. These measures are intended to reduce extreme price swings and ensure orderly market activity.

The exchange also reminded users of deposit and withdrawal rules linked to South Korea’s Travel Rule compliance. Transfers are only supported through approved exchanges that meet the platform’s regulatory requirements. Deposits made through unsupported platforms may not be credited and could take time to be returned. Users who interact with restricted exchanges may also face account limitations under the platform’s terms of service.

Withdrawal fees and limits for $GPS will be set separately, and the token is excluded from any lowest-fee guarantee program currently in place on the exchange. Users are advised to confirm wallet addresses and network details before making transfers to avoid delays or loss of funds.

GoPlus Security recently grabbed headlines after it pointed out three recent Oracle price feed discrepancies related to Moonwell.

GoPlus apparently revealed the most recent Oracle price feed discrepancy in Moonwell, and found the vulnerability was possibly linked to development using Claude Opus 4.6 through vibe coding. Moonwell already released a formal recovery plan after a pricing oracle configuration error triggered unfair liquidations causing a loss of $2.68 million. The proposal is now live on the governance forum and offers a structured compensation process, and a treasury allocation.