Upbit, a leading digital asset exchange based in South Korea, announced that it will offer trading support for the Ethena (ENA) token in KRW, BTC, and USDT pairs starting July 11, 2025.
Upbit Announces Support for KRW, BTC, and USDT Trading Pairs for Ethena (ENA)
Under the new listing, the ENA token will only be supported by deposits and withdrawals via the Ethereum network. Transactions made via other networks will be invalidated, and refunds may take longer. Following the listing, ENA rose more than 20% to trade at $0.35.
Transaction Support Details
- Supported Pairs: KRW, BTC, USDT
- Network: Ethereum (only ENA-Ethereum network is supported)
- Transaction Start Time: July 11, 2025, 17:00
- Deposit & Withdrawal Opening: Within 2 hours from the announcement time
- Contract Address: 0x57e114B691Db790C35207b2e685D4A43181e6061
Transaction Restrictions
- Buy orders will be restricted during the first 5 minutes.
- In the first 5 minutes, sell orders will not be entered at a price 10% below the previous closing price.
- For the first 2 hours, only limit orders will be available.
What is ENA (Ethena)?
Ethena is a decentralized finance (DeFi) protocol based on a collateral pool of volatile crypto assets and stablecoins operating with a delta-neutral strategy. The ENA token is used for platform governance participation, staking, rewards, liquidity incentives, and ecosystem development.
Upbit also stated that it may change the trading start time if sufficient liquidity is not provided.
*This is not investment advice.
