Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced it will list Redstone’s (Red) Korean Won (KRW) trading pairs.
Upbit adds Redstone (Red) to the KRW market
New transaction support will begin on September 5th, 2025 at 5pm. Red only offers deposits and withdrawals via the Ethereum Network. Transfers from other networks are not supported.
Upbit said the start times could be delayed depending on liquidity conditions at the opening of the transaction. There are also trading restrictions that investors need to recognize. For the first five minutes of trading support, purchase orders will be restricted, and sales orders will not be placed 10% below the previous day’s closing price during the same period. However, only restricted orders will be accepted for the first two hours after trading support begins.
The exchange warned the user to use the correct contract address (0xC43C6BFE) for the deposit. We noted that transfers made from the wrong network or incompatible exchange could lead to long refund procedures. Additionally, deposits and withdrawals are permitted only from the wallet of individuals who have undergone “ownership verification.”
Redstone (Red) is a project that provides Oracle services to the distributed finance (DEFI) ecosystem. It aims to balance real-time data access and cost-effectiveness.
It also uses the Eigenlayer infrastructure to provide security scalability and reduce transaction costs. Red tokens are used for staking, network security, and data provider/user incentives.
Upbit warned investors that crypto assets are highly risky and emphasized that investment decisions should be carefully considered.
*This is not investment advice.