South Korea’s second-largest cryptocurrency exchange, Bithumb, has announced the addition of Euler (EUL) to its spot trading platform, signaling a significant move for both the exchange and the decentralized finance (DeFi) ecosystem. This listing comes at a time when the Euler network is experiencing heightened interest within the DeFi space, highlighted by record total value locked (TVL) levels.
Bithumb’s official website indicates that EUL will be available for trading against the Korean Won (KRW), with trading set to commence at 5:00 PM Korean Standard Time (KST). The exchange has established a reference price of 12,930 KRW for the token. It will only be supported on the Ethereum (ETH) network, reinforcing Bithumb’s adherence to compliance regulations, specifically the Travel Rule. To facilitate secure deposits and withdrawals, only transactions through approved virtual asset service providers (VASPs) that partner with Bithumb will be processed; deposits from unsupported exchanges may face delays.
The announcement of Euler’s listing has already impacted market sentiment, leading to a substantial price increase for EUL. Following the news, the token surged nearly 44%, climbing from $9.6 to $13.8. As of the latest updates, the price has stabilized at $12.7, reflecting a notable 31.55% gain. This dramatic uptick has positioned EUL as the top gainer among the top 300 cryptocurrencies listed on CoinGecko, with trading volume soaring by 251% to reach $8.5 million, primarily through HTX.
The listing of EUL on Bithumb not only provides South Korean investors with another altcoin option but also underscores the competitive landscape among domestic exchanges eager to diversify their offerings. This development marks a significant milestone for the Euler project, coming almost a month after Coinbase, a leading US-based exchange, began supporting trading for the EUL token.
Beyond price movements, the Euler network itself has demonstrated remarkable growth. Recent data from DefiLama reveals that Euler’s total value locked (TVL) has achieved a new all-time high of $1.52 billion, representing a near fifteen-fold increase since the beginning of 2025. Financial metrics from Token Terminal further reflect the protocol’s momentum, with revenue and fees showing an impressive growth rate of over 500% in 2025.
As the ecosystem surrounding Euler matures—characterized by strong user adoption and increasing support from exchanges—EUL is becoming recognized as one of the more dynamic altcoins this year. With these developments, Euler’s future prospects in the competitive crypto space appear promising.
