South Korea’s Bithumb Lists Orderly Network, $ORDER Surge 90%

South Korea’s crypto exchange Bithumb has announced the listing of Orderly Network (ORDER) on its KRW market. The trading for ORDER will start at 3:00 PM on Tuesday, December 3, 2024 at a base price of 239 Won.

🚀 오덜리 네트워크(#ORDER) 원화 마켓 추가 안내
New Listing : $ORDER will be added to the KRW market today.

For more details 👉 https://t.co/8QWwZoIv1R #bithumb #Listing #KRWmarket #OrderlyNetwork @OrderlyNetwork pic.twitter.com/g6K83icCPB

— Bithumb (@BithumbOfficial) December 3, 2024

According to the official announcement, deposits and withdrawals will be available within two hours of this notice’s release. The supported network for trading is Ethereum, and deposits via other networks are not supported.

As is standard practice, Bithumb will enforce specific trading restrictions to ensure a stable environment. Buying orders will be restricted for the first five minutes after trading begins. During this period, selling orders are limited to a price range between -10% and +100% of the base price. Automatic transactions will be allowed only after the initial trade.

Bithumb has also issued a caution regarding deposits and withdrawals. Refunds for incorrect deposits may experience significant delays, and users are advised to carefully verify the address system and network details when making deposits. Deposits can only be processed for announced types of virtual assets.

Investors are reminded that virtual assets are high-risk products, and any investment decisions should be made cautiously.

Bithumb Listing Effect: $ORDER surges

Hours after the listing announcement, $ORDER rose 90% to 0.3082 and currently is trading at $0.2909. The 24 hour market cap for ORDER has also gone up by a massive 205%, to $56.60 million. The project’s growing popularity is evident from its market cap, which has surged to a staggering $60.53 million after a 59.19% increase.