The main South Korean exchange facilitates trading using SAFE KRW and KRW market pairs, placing a strong emphasis on guidelines tailored to its unique network.
In simple terms, Bithumb, a well-known South Korean cryptocurrency exchange, has added new trade options for Sonic SVM and AHT. Now, AHT can be traded on the regular KRW market, while Sonic SVM will be exchanged in the SAFE KRW market.
As a crypto investor, I’m excited to share that in just three hours from now, both the AHT and SONIC tokens will be ready for deposits and withdrawals. At precisely 2:00 PM KST, trading for AHT on the KRW market will kick off, while the SONIC token trading on the SAFE KRW market is set to commence at 4:00 PM KST.
Interestingly, AHT operates on the Luniverse network, in contrast to SONIC, which runs on the Solana network. Both tokens necessitate a total of 20 confirmations for deposits before they can be traded. So, mark your calendars and get ready for some exciting trading action!
To ensure market stability during its early stage, Bithumb has set temporary trading restrictions. For the first five minutes of trading, buy and sell orders should not deviate more than 10% below or 100% above the reference price. Automated trading orders can only be placed after the initial trades have been executed.
The exchange has also underscored the necessity for users to adhere to its guidelines concerning deposits and withdrawals, particularly when utilizing networks and platforms backed by Bithumb. Transactions carried out through unsupported networks or exchanges might lead to inconveniences such as delays or extra procedures needed to resolve issues, thereby making the process more complex for users.
Based in South Korea since 2014, Bithumb is a well-known cryptocurrency trading platform recognized for its extensive selection of digital assets and commitment to regulatory compliance. Lately, however, the exchange has encountered some difficulties, one of which involves XRP withdrawals. In December 2024, users reported delays in processing these withdrawals, a problem traced back to a surge in transaction volumes and the platform’s capacity limitations. To alleviate concerns, Bithumb reassured its users that the situation would be rectified soon, encouraging them to exercise patience as the platform tackled the backlog.
It’s important for users to double-check crucial aspects like whether the network is compatible and reference prices before starting a transaction. Since cryptocurrency trading involves significant risks, it’s highly recommended that investors carry out extensive research before making any decisions. Any losses incurred from trading activities are solely the user’s responsibility.
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2025-01-10 07:32