Bithumb, South Korea’s second-largest cryptocurrency alternate, introduced the itemizing of two new altcoins immediately.
The brand new supported tokens embody Lista DAO (LISTA) and Merlin Chain (MERL). The itemizing announcement triggered double-digit value will increase for each crypto belongings, pushing them to 6-month highs.
Bithumb Proclaims LISTA and MERL Itemizing
In response to Bithumb’s official announcement, the tokens will likely be accessible for buying and selling towards the Korean Received (KRW). Deposits and withdrawals will likely be accessible inside 3 hours of the announcement.
“In compliance with the Journey Rule, deposits and withdrawals are solely supported via digital asset service suppliers which might be supported by Bithumb,” the announcement learn.
The alternate added that LISTA buying and selling is scheduled to start at 4:00 PM Korean Normal Time (KST) on July 24. The reference value will likely be 354 KRW.
After this, Bithumb will launch MERL buying and selling at 6:00 PM KST. The reference value for the altcoin is 161 KRW.
Following the information, the costs reacted sharply. LISTA, the native token of an open-source lending and liquidity protocol, Lista DAO, surged 33.97%. The value reached $0.36, marking LISTA’s highest degree since January 2025.
Equally, MERL, the native token of Merlin Chain, a Bitcoin layer-2 community, skilled a 20.53% improve to $0.168, a degree final seen in late January.
These value actions spotlight the numerous affect of South Korean exchanges on altcoin markets. Upbit and Bithumb have beforehand propelled tokens like Hyperlane (HYPER), Babylon (BABY), Huma Finance (HUMA), and extra to vital features via strategic listings.
Notably, the exchanges’ sturdy presence in one of many largest cryptocurrency markets may very well be a key driver behind their affect. In response to Ledger, in South Korea, 27% of the people aged 20 to 50 are at the moment holding digital belongings, with 70% expressing an curiosity in increasing their crypto portfolios this yr.
The mixed worth of digital belongings held throughout the nation’s high 5 exchanges, Upbit, Bithumb, Coinone, Korbit, and GOPAX, has exceeded 100 trillion Received (~$73 billion), reinforcing South Korea’s place as a worldwide frontrunner in blockchain adoption.
This dominance inside South Korea has additionally benefited the exchanges. Bithumb, for instance, has seen its buying and selling quantity improve threefold over the previous month.
CoinGecko information revealed that the amount has risen from round $758 million to $2.7 billion, marking a formidable 256.2% surge.
Equally, Upbit has skilled a exceptional spike in quantity. It has grown from $1.7 billion to $8.3 billion, reflecting a 388.24% improve, highlighting rising dominance.
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