Upbit Lists Synfutures (F) Token, Price Surges Over 120%
South Korea's Upbit exchange listed the Synfutures (F) token, causing its price to surge over 121% shortly after the announcement.Summary
Upbit, South Korea's largest cryptocurrency exchange, announced the listing of the Synfutures (F) token on its Korean Won market, marking the exchange's second consecutive day of new listings. Following the announcement, the F token's price immediately surged by over 121.1%, trading at $0.01474 at the time of writing. Synfutures is a decentralized derivatives exchange (DEX) utilizing the 'Oyster AMM' for efficient liquidity, supporting perpetual futures trading on cryptocurrencies and Real World Assets (RWA) like oil and gold. The platform holds significant dominance, capturing about 80% of trading volume on Coinbase's Base chain, positioning it as a top-tier DEX. Upbit advised users that F token trading is supported on the Ethereum network, and the listing triggered a ninefold jump in trading volume despite a general market downturn.
(Source：BeInCrypto)