The largest cryptocurrency exchange in South Korea, Upbit, announced the addition of Raydium (RAY) to its listing. Trading will begin at 12:00 KST.

Meanwhile, Bithumb will list Huma Finance (HUMA) and Forta (FORT) at 15:00 and 17:00 KST respectively. These listings led to a significant increase in all three tokens.

Upbit lists Raydium (RAY)

Raydium is a decentralized exchange (DEX) and automated market maker (AMM) operating on the Solana (SOL) blockchain. The RAY token has recently faced difficulties, dropping by 27.3% over the last 30 days. This decline has reduced its market value from over $1 billion to around $500 million. However, Upbit's decision to support RAY trading has instilled optimism in the market.

"Trading of Raydium (RAY) will be available in pairs with KRW, USDT. Trading will open approximately at: 2025-06-19 12:00 KST," reported the Upbit team.

This announcement triggered a 34.3% price increase for the RAY token in the early hours of Asian trading. BeInCrypto data showed that the price rose from around $2.07 to $2.78 in just a few minutes. Moreover, the market capitalization increased to over $655 million.


After a slight correction, RAY managed to retain some of its gains. At the time of writing, the price of RAY was $2.32, which is 11.3% higher compared to yesterday. The market capitalization adjusted to $637 million.

The listing on Bithumb supports HUMA and FORT

Meanwhile, Bithumb announced the addition of two new tokens. HUMA and FORT will appear on the KRW market of the exchange. Trading will begin today, June 19.

HUMA showed noticeable growth, increasing by 12.0% before retracing to $0.037. Despite the correction, this jump highlighted market interest in the token after the listing.


FORT showed impressive growth, rising by 52.2% and reaching $0.10 at the time of writing. The continued growth of FORT reflects strong market sentiment and increasing demand. The token became the leader in daily growth on CoinGecko.

The expansion of offerings by both exchanges is associated with the growing interest in cryptocurrencies in South Korea. According to Kaiko Research, the trading volume of cryptocurrencies in KRW is expected to reach $663 billion in 2025.


South Korea becomes the second largest cryptocurrency market in the world, second only to the USA. Moreover, almost every third adult in the country owns cryptocurrency — this is twice as much as in the USA.

"However, persistent barriers such as fragmented markets, low adoption of stablecoins, and the ongoing 'kimchi premium' continue to hinder institutional growth and innovation in Korea's crypto sector," noted Kaiko.