South Korea’s main cryptocurrency alternate, Upbit, has introduced the itemizing of Raydium (RAY). The buying and selling will start at 12:00 PM Korean Normal Time (KST).
As well as, Bithumb will checklist Huma Finance (HUMA) and Forta (FORT) as we speak at 3:00 PM and 5:00 PM KST, respectively. These listings sparked double-digit rallies for all three tokens.
Upbit Proclaims Raydium (RAY) Itemizing
Raydium is a decentralized alternate (DEX) and automatic market maker (AMM) constructed on the Solana (SOL) blockchain. Its native token, RAY, has struggled just lately, posting a 27.3% decline over the previous 30 days.
This decline additionally halved its market worth from over $1 billion to round $500 million. Nonetheless, Upbit’s resolution to help RAY buying and selling has infused some optimism into the market.
“Raydium (RAY) KRW, USDT Market Assist. Supported Market: KRW, USDT Market. Buying and selling opens at: 2025-06-19 12:00 KST estimated,” Upbit posted.
This announcement led to a 34.3% surge within the value of the RAY token through the early hours of Asian buying and selling. BeInCrypto knowledge confirmed that the worth rose from round $2.07 to $2.78 inside minutes. Furthermore, the market capitalization additionally elevated to over $655 million.
A modest correction adopted, however RAY nonetheless managed to retain some positive factors. On the time of writing, RAY’s buying and selling value stood at $2.32, up 11.3%. The market cap was additionally adjusted to round $637 million.
This uptick aligns with historic patterns noticed with Upbit listings. Earlier this week, AltLayer (ALT) and Haedal Protocol (HAEDAL) noticed related surges. Moreover, final month, 4 altcoins gained on the again of Upbit’s help.
Bithumb Itemizing Boosts HUMA and FORT
Moreover Upbit, Bithumb additionally revealed two new token listings as we speak. HUMA and FORT shall be added to the alternate’s KRW market, and buying and selling will begin later as we speak.
HUMA noticed a notable improve in value, rising by 12.0% earlier than pulling again to $0.037. Regardless of the retracement, this transient spike highlighted market curiosity within the token post-listing.
In the meantime, FORT demonstrated a formidable upward motion, climbing by 52.2% and reaching $0.10 on the time of writing. The continued appreciation for FORT mirrored sturdy market sentiment and rising demand. In reality, the token has even change into the highest day by day gainer on CoinGecko.
The growth of choices by each exchanges aligns with the rising momentum in South Korea’s cryptocurrency market. In response to Kaiko Analysis, in 2025, KRW-denominated crypto buying and selling reached $663 billion.
This positions South Korea because the second-largest crypto market globally, behind solely the US. Furthermore, almost one in three adults within the nation owns cryptocurrency, twice the adoption fee within the US.
“Nonetheless, persistent limitations—like fragmented markets, low stablecoin adoption, and the enduring ‘kimchi premium’—proceed to problem institutional progress and product innovation in Korea’s crypto sector,” Kaiko added.
Disclaimer
In adherence to the Belief Mission pointers, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed data. Nonetheless, readers are suggested to confirm info independently and seek the advice of with an expert earlier than making any selections based mostly on this content material. Please word that our Phrases and Situations, Privateness Coverage, and Disclaimers have been up to date.