Ethena (ENA) Price Spikes 19.27% Following Upbit’s Listing Announcement

South Korea’s largest cryptocurrency exchange by trading volume, Upbit, has officially announced the listing of Ethena’s native token, ENA.

Following the announcement, ENA saw a double-digit surge during Friday’s early Asian trading hours.

Ethena’s ENA Token Rises After Upbit Listing

In an official notice released today, Upbit revealed that the ENA will be available to trade against three trading pairs: the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). Furthermore, trading will begin at 5:00 PM Korean Standard Time (KST) today.

The deposits and withdrawals for ENA will commence within two hours of the announcement. The exchange added that deposits are exclusively supported through the Ethereum network.

It also encouraged users to verify the network before making any deposits. Furthermore, if sufficient liquidity is not secured after the announcement, the start time for trading support may be postponed.

“The contract address for ENA supported by Upbit is 0x57e114B691Db790C35207b2e685D4A43181e6061. Please confirm the contract address when proceeding with ENA deposits/withdrawals,” the notice reads.

The listing announcement shows Upbit’s continued push to expand its offerings, following yesterday’s additions of Hyperlane (HYPER) and Babylon (BABY). These listings sparked notable price increases for the altcoins, a pattern that also held true for ENA.

$ENA listed on largest Korean exchange. It's time for liftoff!

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