- Upbit’s addition of RAY pairs signifies user expansion potential.
- RAY experiences price surge, boosting market activity.
- Enhanced Korean access for Raydium and Solana platforms.
Upbit, South Korea’s largest cryptocurrency exchange, confirmed the listing of Raydium’s RAY with KRW and USDT trading pairs on June 19, 2025. This announcement underscores Upbit’s commitment to broadening its crypto offerings.
The listing of Raydium on South Korea’s leading exchange signifies a promising development for decentralized finance, particularly within the Solana ecosystem. It triggered significant trader interest, showing RAY’s utility and increased market adoption.
The decision to add Raydium’s RAY to Upbit was confirmed through official platforms with a listing on June 19, 2025. Upbit, operated by Dunamu Inc., and Raydium, a decentralized exchange on Solana, played pivotal roles. No executive comments were officially released.
The announcement led to a significant price reaction, as RAY saw increases up to 34%. Solana (SOL) also gained noticeable attention, though its price impact was less direct. Increased liquidity and market visibility were immediate outcomes.
The listing of Raydium (RAY) with KRW and USDT trading pairs marks a significant development for our platform and enhances access to DeFi assets in the Korean market. (Upbit Exchange Team, Official Announcement, Upbit)
The listing highlights strategic market expansion by Upbit, particularly in the DeFi space. This inclusion enhances Raydium’s prominence in South Korea, potentially attracting a broader investor base. No regulatory updates have been noted.
Observers anticipate that the listing could pave the way for increased institutional interest in Raydium. Similar past listings indicate potential growth in trading volumes and DeFi engagement, reflecting broader industry trends and regulatory scrutiny. For additional insights into market trends, you can check the latest updates on CoinGecko.