South Korea’s largest digital asset exchange, Upbit, confirmed it will list Raydium (RAY) on June 19, 2025. Trading for the RAY/KRW and RAY/USDT pairs will begin at noon local time, as stated in Upbit’s official update. Raydium operates as an automated market maker (AMM) on the Solana blockchain with native utility through its RAY token.
Raydium offers liquidity through on-protocol integration on the OpenBook protocol-based order book system on Solana. It facilitates quick trades with low fees on its decentralized exchange across the ecosystem. The RAY token has several utilities including governance as well as rewards to participants on the platform.
To facilitate an effortless trading debut, Upbit has implemented preliminary RAY transaction limits on its platform. Only deposits and withdrawals through the Solana network will be accepted by the platform. No deposits on other networks are accepted and may result in handling delays or irreversible losses.
Upbit requires verified wallets for RAY deposits
Buy orders for RAY will remain restricted for five minutes after trading opens. Similarly, sell orders priced 10% lower than the previous day’s close are restricted within that five-minute window. Only limit orders will be permitted during the first two hours of listing to control market volatility.
RAY closed at 0.00002021 BTC on Upbit’s BTC Market, which equals 2,938 KRW or 2.1197 USDT. Upbit also warned users that deposits must come from verified personal wallets only. Deposits from unsupported exchanges or wallets may trigger lengthy refund procedures or full transaction rejection, especially in compliance with the Travel Rule regulations.
As part of investor guidance, Upbit reminded users that digital asset prices are volatile and may vary across domestic and international platforms. Investors are urged to research thoroughly before engaging in trading activities involving RAY or any cryptocurrency.
