South Korea’s largest cryptocurrency exchange Upbit has listed Ethena’s ENA token with trading pairs against the Korean won (KRW), Bitcoin (BTC), and Tether (USDT). The listing has significantly enhanced the token’s accessibility and liquidity within the Korean market.
The addition triggered an immediate 19.27% price surge as trading commenced, with ENA climbing from approximately $0.327 to $0.390. This substantial increase reflects robust market demand for the token and demonstrates notable price resilience.
Market analysts anticipate sustained growth for ENA driven by improved accessibility in South Korea’s cryptocurrency ecosystem. The heightened trading volumes are expected to stimulate greater Ethereum network activity given ENA’s ERC-20 token standard.
The listing positions ENA for broader adoption while highlighting Upbit’s influence as a major exchange capable of accelerating token liquidity and ecosystem engagement through strategic market entries.