Upbit Lists Synfutures (F) on KRW Market, Token Price Surges Over 120%

Upbit, South Korea’s largest cryptocurrency exchange, has officially listed Synfutures (F) on its Korean Won (KRW) market, marking the second consecutive day of new listings. The announcement immediately ignited strong market enthusiasm, sending Synfutures’ price soaring by over 121% compared to the previous day’s close. According to CoinGecko data, the token was trading at $0.01474 at the time of writing, representing a 58.2% daily gain.

Synfutures is a next-generation decentralized derivatives exchange (DEX) built around its innovative “Oyster AMM,” a fully on-chain Automated Market Maker designed to maximize liquidity efficiency. Its Concentrated Liquidity AMM (CLAMM) and leverage features cater to both professional market makers and retail traders, enhancing trading flexibility and capital utilization. The platform’s native token, F, is used for staking, governance, and supporting its expanding ecosystem.

What sets Synfutures apart is its support for perpetual futures across diverse assets, including traditional cryptocurrencies and Real World Assets (RWA) like WTI crude oil and gold. The platform has rapidly captured about 80% of derivatives trading volume on Coinbase’s Base chain, underscoring its dominance within the Base ecosystem and positioning it among top decentralized exchanges such as dYdX and Uniswap.

Synfutures is also broadening its ecosystem by integrating GameFi and NFT markets through its NFT derivatives platform, NFTunes, with plans to introduce AI-driven predictive trading tools in the near future.

Despite a broader crypto market downturn, F’s trading volume skyrocketed ninefold within hours of the Upbit announcement, signaling robust investor demand. Upbit confirmed that the listing supports Ethereum-based F tokens, advising traders to verify the correct network before depositing.