Bithumb, a top cryptocurrency exchange in South Korea, has unveiled new trading options for Sonic SVM and AHT. These additions offer traders novel chances, while simultaneously imposing certain rules to maintain seamless and secure trades.
On the Luniverse network, the cryptocurrency known as AHT is now open for trading using the South Korean Won (KRW) starting from 2:00 PM KST on January 10, 2025. The opening price will be set at 9.788 KRW per AHT, providing a new opportunity for investors who wish to trade this currency directly with the South Korean currency.
Starting January 10, 2025, at 4:00 PM KST, Sonic SVM’s (SONIC) trading will make its entrance in the dedicated SAFE KRW market, providing a novel approach for exchanging this token. Powered by the Solana network, trading of SONIC tokens will commence on the specified date. Each SONIC is priced at 1,110 KRW. Given that deposits and withdrawals are only supported via the Solana network, it’s crucial to double-check the deposit network before proceeding.
The platform now offers SAFE transactions functionality that operates within the Ethereum network, similar to SONIC trading which will commence at 4:00 PM (Korean Standard Time) on January 10, 2025, with an initial price reference of 1,376 Korean Won.
Guidelines and Restrictions Ensure Orderly Transactions
In order to maintain a steady and safe trading atmosphere, Bithumb has introduced certain limitations during the early stages of trading. During the first five minutes following the start of trading, only a set number of buy orders will be allowed.
Furthermore, trades with prices deviating more than 10% below or 100% above the initial price are prohibited during this timeframe. Only automated orders (like those set up by bots) can be initiated following a successful first trade. These precautions are taken to deter market manipulation and ensure smooth trading transactions.
On Bithumb, transactions can only be made via certain networks or platforms. If you try to transfer funds from an unsupported source, they might not get credited. It’s important to verify the network compatibility before sending any funds.
Rewards and Risk Awareness for Traders
In the course of this rollout, I am participating as a trader in the SONIC market on Bithumb. By engaging in trades or depositing SONIC for two consecutive days, I am eligible to receive bonus SONIC tokens, with the reward amount determined by my trading volume.
Bithumb advises its users that digital currency trading involves inherent dangers, one of which is the possibility of losing your investment. They suggest conducting comprehensive research, like examining project whitepapers and official websites, prior to getting involved.
By incorporating these digital resources, the platform demonstrates its dedication to broadening its services and offering users increased trading opportunities. Lately, it has also incorporated Filecoin (FIL) and VANA into the KRW market. Meanwhile, the exchange’s subsidiary, Bithumb Meta, has undergone a rebranding and is now known as Bithumb Partners. Initially, this entity will concentrate on managing current financial assets, with aspirations to expand its role in the investment sector over time.
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2025-01-10 14:42