South Korea’s Bithumb Announces Listing of BICO and PUFFER

South Korea’s leading cryptocurrency exchange, Bithumb, has announced the listing of two new virtual assets i.e., Biconomy (BICO) and PUFFER to its Korean Won (KRW) trading market. The trading for BICO and PUFFER starts Monday, November 25, 2024, at 3:00 PM (KST).

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

For more details 👉 https://t.co/o3scDmpBIE#bithumb #Listing #KRWmarket #Puffer @puffer_finance pic.twitter.com/MesBivCjB0

— Bithumb (@BithumbOfficial) November 25, 2024

Biconomy (BICO) and PUFFER Listings on Bithumb:

1. Network: Ethereum for both the assets(Deposits via other networks are not supported)
2. Base Price: 480 KRW for BICO and 422 KRW for PUFFER
3. Deposit/Withdrawal Start: Within two hours from the notice posting
4. Deposit Confirmations: 33 confirmations required

To ensure a safe trading environment, Bithumb has implemented specific transaction restrictions. Thus, buying orders are restricted for the first five minutes after trading begins and selling orders are restricted within the first five minutes if prices fall more than 10% below or rise more than 100% above the standard price. Additionally, automatic orders will be enabled after the first transaction is completed.

In the official notice, Bithumb emphasized that deposits made via unsupported networks could face significant delays in refunds. Moreover, the starting price of the chart on the day of market addition is indicated as the reference price, not the initial transaction price.

Bithumb reiterated that virtual assets are high-risk investments and may lead to substantial losses. The exchange cautioned, “The responsibility for investment decisions regarding virtual assets lies with the investor, and any losses that may arise are the responsibility of the investor. Please carefully refer to the project homepage and white papers, etc. for specific details before trading, and trade with caution.”

Additionally, Bithumb noted that new users who registered within seven days of this announcement might possibly face deposit and withdrawal restrictions or require further verification.

Also Read: Upbit Adds JASMY, PolySwarm (NCT), and Bonk (BONK)