South Korea’s leading crypto exchange, Bithumb has announced the listing of Filecoin (FIL) and its transaction support is officially launched on the Won Market.
Bithumb Allows Filecoin (FIL) Trading
Bithumb Listing: [마켓 추가] 파일코인(FIL) 원화 마켓 추가
Bithumb上新: [新增市场] 新增 Filecoin (FIL) KRW 市场https://t.co/VHQaTUgjgH$FIL— 方程式新闻 BWEnews ⚡️🚀 (@bwenews) January 6, 2025
According to the official announcement, the trading is supported on the Filecoin network and deposits via other networks are not supported. The deposit/withdrawal will begin within three hours from the time of the notice posting. The trading start time is scheduled for 4:00 PM on Monday, January 6, 2025.
The base price for the Filecoin trade is fixed at 8,680 won and the number of deposit confirmations required is 60.
To ensure a secure trading environment for FIL transactions, there are some restrictions laid down by the crypto exchange. Thus, buying orders are restricted for the first five minutes after trading begins. Selling orders are limited during the first five minutes to prices no less than -10% or more than +100% of the base price.
Bithumb has also informed that automated orders will only be available after the initial transaction following the start of trading.
Filecoin(FIL) Surges Post Bithumb’s Listing
Following Bithumb’s listing announcement, Filecoin (FIL) rose 11.72% to $6.27. The 24-hour market volume surged by an impressive 117%, reaching $408.96 million.
Filecoin, a project designed to operate as a decentralized alternative to cloud storage companies like Amazon Web Services or Cloudflare, remains highly popular, as evidenced by its substantial market cap of $3.87 billion.
Also Read: South Korea’s Crypto Foundation Takes Over Assets of 5 Shut Exchanges
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