Upbit, South Korea's largest cryptocurrency exchange, announced the listing of SynFutures (F) tokens for trading with KRW and USDT pairs. Trading commenced on October 21, 2025, marking a significant development for the decentralized derivatives exchange.
The announcement led to a significant increase in SynFutures' market activity, boosting its price by over 121%. This surge highlights the exchange's substantial influence on token liquidity and overall market dynamics.
SynFutures, under the leadership of CEO Rachel Lin, is set to enhance its market reach through this strategic listing on Upbit. The exchange is operated by Dunamu Inc., and the listing is expected to bolster SynFutures' market presence immediately.
The price of the F token experienced a substantial increase of 121% following the listing announcement. This performance significantly outpaced general market trends and indicates strong speculative interest from the cryptocurrency community, largely driven by Upbit's decision.
To ensure orderly market functioning, Upbit implemented specific trading restrictions. These include a 5-minute restriction on buying and a minimum sell price floor of -10% relative to the previous day's closing rate, measures aimed at maintaining market stability.
Trading volumes for the F token saw a ninefold increase within three hours after the announcement. This rapid surge demonstrates the significant potential influence of Upbit's listings on market behaviors for native tokens, such as SynFutures F.
Historically, Upbit's token listings have been associated with notable price increases for similar assets, as observed with tokens like dYdX and GMX. This precedent suggests that continued volatility and liquidity impacts are likely in the decentralized derivatives sector following such significant announcements.
Upbit listings trigger notable price hikes for similar tokens, as seen with dYdX and GMX. This precedent suggests continued volatility and liquidity impacts in the decentralized derivatives sector following such announcements.
— CryptoEconomyEN (@CryptoEconomyEN) October 21, 2025
Rachel Lin, CEO of SynFutures, commented on the integration, stating:
"The integration of F into Upbit marks a significant step for our project, enhancing access to our decentralized derivatives platform for a broader audience."
The community's interest in SynFutures was notably reflected in the significant trading volume and the subsequent price movements observed after the listing.