Korea's largest cryptocurrency exchange Upbit announced the addition of Raydium (RAY) with KRW and USDT trading pairs, amplifying interest in DeFi.
Announcing the RAY Listing
Upbit confirmed the listing of Raydium's RAY with KRW and USDT trading pairs on June 19, 2025. This event showcases Upbit's commitment to broadening its crypto offerings.
Market Reaction to the Listing
Following the announcement, RAY experienced significant price movements, including an increase of up to 34%. Solana (SOL) also drew attention, although its price impact was less direct. Increased liquidity and market visibility were immediate outcomes.
Strategic Importance for DeFi
The listing highlights Upbit's strategic market expansion, 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.
The listing of Raydium on Upbit opens new opportunities for investors and highlights the growing interest in Decentralized Finance in the Korean market.
