Bitcoin Exchange Upbit Releases New Listing Announcement! Here's the Latest Listed Altcoin

Upbit, one of South Korea's leading cryptocurrency exchanges, announced that it will list the Korean won (KRW) trading pair for RedStone ($RED).

Upbit Adds RedStone ($RED) to KRW Market

New transaction support will begin at 5:00 PM on September 5, 2025. $RED will only be available for deposits and withdrawals via the Ethereum network; transfers from other networks will not be supported.

Upbit stated that the start time may be delayed depending on liquidity conditions at the time of trading opening. There are also some trading restrictions investors should be aware of: Buy orders will be limited for the first five minutes after trading support begins, and sell orders will not be placed for 10% below the previous day's closing price during the same period. However, only limit orders will be accepted for the first two hours after trading support begins.

The exchange warned users to use the correct contract address (0xc43c6bfe) for deposits. It noted that transfers made from the wrong network or incompatible exchanges could lead to lengthy refund procedures. Furthermore, deposits and withdrawals will only be permitted from personal wallets that have undergone “ownership verification.”

RedStone ($RED) is a project that provides oracle services to the decentralized finance (DeFi) ecosystem. It aims to balance real-time data access and cost-effectiveness with both push and pull oracle solutions.

It also uses the EigenLayer infrastructure to provide security scalability and reduce transaction costs. The $RED token is used for staking, network security, and data provider/user incentives.

Upbit warned investors that crypto assets carry high risks and emphasized that they should carefully consider their investment decisions.

*This is not investment advice.