Kakao’s Klay cryptocurrency to make its first listing on Upbit

Ground X announced that Klay will list on Upbit’s Singapore and Indonesia platforms soon.
Upbit Singapore said that Klay will be listed following price delivery via a Dutch auction.

Rajarshi Mitra Independent Analyst

South Korean messaging platform Kakao’s “Klay” token - the native cryptocurrency of Klaytn blockchain - will soon be making its official exchange listing on Upbit’s platform. Ground X, a firm set up by Kakao to develop the Klaytn network, announced that Klay will be listed on Upbit’s Singapore and Indonesia platforms by the end of this month.

Upbit Singapore stated that Klay will be listed following price delivery through a Dutch auction on September 18. The exchange noted that Upbit and Klaytn will not be profiting from the auction. Upbit will “redistribute all proceeds” to customers in the future. The firm also revealed that a total of 10 billion Klay will be distributed through to 2021. The distribution will be done in monthly tranches varying from 29 million to 278 million tokens.

Upbit also noted that in a private sale in December 2018, Klay was priced at $0.03 per unit. In April 2019, a private sale witnessed Klay reach $0.08 per unit. Ground X had earlier raised $90 million in a private coin offering this spring.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Stellar mixed sentiment caps recovery

Stellar price remains under pressure, trading at $0.170 on Tuesday after failing to close above the key resistance on Sunday. The derivatives metric supports the bearish sentiment, with XLM’s short bets rising among traders and funding rates turning negative.

Jupiter rises on native SOL staking, TVL rebound

Jupiter edges higher by 3% at press time on Tuesday, approaching the $0.1700 level. The lending protocol announced native staking as collateral, allowing users to borrow against natively staked SOL on certain vaults.

Rocket Pool price extends rally as Saturn One upgrade boosts sentiment

Rocket Pool price extends its gains, trading above $2.80 on Tuesday after rallying over 58% in the previous day. The upcoming Saturn One network upgrade on Wednesday has fueled renewed buying interest.

Pi Network rallies ahead of its first anniversary

Pi Network trades above $0.1800 at the time of writing on Tuesday, recording nearly 5% gains so far. On-chain data indicate that large wallet investors, commonly known as whales, have accumulated approximately 4 million PI tokens over the last 24 hours.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.