South Korea’s leading cryptocurrency exchanges, Bithumb and Upbit, have announced they will list SLX, the native token of the Solana-based financial protocol Solstice, on their platforms.
According to the announcements, SLX will be available to users on both Bithumb’s Korean Won (KRW) market and Upbit’s KRW, BTC, and USDT trading pairs.
Bithumb announced that deposits and withdrawals for SLX will open within two hours of the announcement’s publication. The official launch date is June 1, 2026, at 11:00 AM Turkish time.
The exchange set the initial reference price at 277 won and emphasized that only transfers made through the Solana network would be supported.
Upbit announced it will list SLX on KRW, BTC, and USDT markets. The exchange stated that deposits and withdrawals will be active within 90 minutes of the announcement, with trading scheduled to begin on June 1st at 2 PM. According to Upbit data, the current price of SLX is 283.52 won, while the previous day’s closing price was 277.9 won.
Solstice stands out as a financial protocol developed on the Solana blockchain, bringing institutional-level delta-neutral investment strategies to the blockchain. The platform’s core assets include USX and eUSX.
Users can obtain eUSX by depositing USX into yield vaults, and the protocol aims to generate revenue through methods such as funding rate arbitrage, hedged staking strategies, and tokenized US Treasury bonds.
The project’s native token, SLX, will be used for staking, participation in governance processes, protocol access, and enabling various network functions. Both Bithumb and Upbit also reminded users that, as with new listings, temporary trading restrictions will be applied to buy, sell, and order types in the initial minutes.
Analysts say the simultaneous listing on South Korea’s two major exchanges could increase SLX’s visibility and liquidity.
*This is not investment advice.
