Upbit, a leading Korean-based digital asset exchange, announced that it will provide trading support for Ethena (ENA) tokens in KRW, BTC and USDT pairs starting July 11, 2025.
Upbit announces Ethena (ENA) support for KRW, BTC and USDT trading pairs
In the new list, ENA tokens are only supported by deposits and withdrawals via the Ethereum Network. Transactions made over other networks will be invalidated and refunds may take some time. Following the list, ENA rose more than 20% to trade at $0.35.
More about transaction support
- Support Pairs: KRW, BTC, USDT
- Network: Ethereum (Only the ENA-Ethereum network is supported)
- Transaction start time: July 11, 2025, 5:00pm
- Deposit and withdrawal opening: Within 2 hours of announcement
- Contract address: 0x57E114B691DB790C35207B2E685D4A43181E6061
Trade restrictions
- Purchase orders will be restricted for the first 5 minutes.
- During the first 5 minutes, no sales orders will be entered at a price 10% below the previous closing price.
- Only restricted orders will be available for the first 2 hours.
What is Ena (Ecena)?
Ethena is a decentralized finance (DEFI) protocol based on a collateral pool of volatile crypto assets and a collateral pool of stubcoin that operates with a delta neutral strategy. ENA tokens are used for platform governance participation, staking, rewards, liquidity incentives, and ecosystem development.
Upbit also said that trading opening times could change if sufficient liquidity is not provided.
*This is not investment advice.
