South Korean crypto exchange Upbit has announced that it will provide support for the Ethena (ENA) token, which will be available for trading in KRW, BTC, and USDT pairs starting July 11, 2025.
Support for ENA Trading Pairs
Under the new listing, the ENA token will only support deposits and withdrawals via the Ethereum network. Transactions made via other networks will be invalidated, and refunds may take longer. Following the announcement, ENA rose more than 20% to trade at $0.35.
Transaction Support Details
Supported Pairs: KRW, BTC, USDT. Network: Ethereum (only ENA-Ethereum network is supported). Transaction Start Time: July 11, 2025, 17:00. Deposit & Withdrawal Opening: Within 2 hours from the announcement time. Contract Address: 0x57e114B691Db790C35207b2e685D4A43181e6061. Buy orders will be restricted during the first 5 minutes. In the first 5 minutes, sell orders will not be processed at a price 10% below the previous closing price. For the first 2 hours, only limit orders will be available.
What is ENA (Ethena)?
Ethena is a decentralized finance (DeFi) protocol based on a collateral pool of volatile crypto assets and stablecoins operating with a delta-neutral strategy. The ENA token is used for platform governance participation, staking, rewards, liquidity incentives, and ecosystem development.
Thus, the support for the Ethena (ENA) token on Upbit opens new opportunities for traders and provides insight into the ongoing development of decentralized finance.
