South Korea’s main cryptocurrency change, Upbit, has introduced the itemizing of Raydium (RAY). The buying and selling will start at 12:00 PM Korean Standard Time (KST).
In addition, Bithumb will record Huma Finance (HUMA) and Forta (FORT) right now at 3:00 PM and 5:00 PM KST, respectively. These listings sparked double-digit rallies for all three tokens.
Upbit Announces Raydium (RAY) Listing
Raydium is a decentralized exchange (DEX) and automated market maker (AMM) constructed on the Solana (SOL) blockchain. Its native token, RAY, has struggled lately, posting a 27.3% decline over the previous 30 days.
This decline also halved its market value from over $1 billion to round $500 million. However, Upbit’s choice to help RAY buying and selling has infused some optimism into the market.
“Raydium (RAY) KRW, USDT Market Support. Supported Market: KRW, USDT Market. Trading 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 throughout the early hours of Asian buying and selling. BeInCrypto data confirmed that the value rose from round $2.07 to $2.78 inside minutes. Moreover, the market capitalization additionally elevated to over $655 million.
A modest correction adopted, however RAY nonetheless managed to retain some beneficial properties. At 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. Furthermore, final month, 4 altcoins gained on the back of Upbit’s support.
Bithumb Listing Boosts HUMA and FORT
Besides Upbit, Bithumb additionally revealed two new token listings right now. HUMA and FORT can be added to the change’s KRW market, and buying and selling will begin later right now.
HUMA saw a notable increase in price, rising by 12.0% earlier than pulling again to $0.037. Despite the retracement, this temporary spike highlighted market curiosity within the token post-listing.
Meanwhile, 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 robust market sentiment and rising demand. In truth, the token has even change into the highest each day gainer on CoinGecko.
The growth of choices by each exchanges aligns with the growing momentum in South Korea’s cryptocurrency market. According to Kaiko Research, 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. Moreover, practically one in three adults within the country owns cryptocurrency, twice the adoption charge within the US.
“However, persistent barriers—like fragmented markets, low stablecoin adoption, and the enduring ‘kimchi premium’—continue to challenge institutional growth and product innovation in Korea’s crypto sector,” Kaiko added.
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