Bithumb Expands KRW Market with Innovative Blockchain Solution AVAIL

• Bithumb, a prominent cryptocurrency exchange, has included AVAIL in its Korean Won (KRW) market, signaling a noteworthy advancement in the crypto sector.
• This incorporation provides Bithumb users with expanded trading alternatives, enhancing their overall exchange experience.
• AVAIL, celebrated for its cutting-edge blockchain solutions, connects various blockchains seamlessly without necessitating bridges.

Explore the newly added AVAIL in the Korean Won market on Bithumb and its implications for traders and the blockchain network.

Impact of AVAIL on Korean Won (KRW) Transactions

Bithumb’s addition of AVAIL to the KRW market is a pivotal development. Transactions will be conducted exclusively on the Avail DA network. Currently, specific dates for deposits, trading, and withdrawals haven’t been released. However, pertinent information like required deposit confirmations and thresholds will be shared imminently. AVAIL is vital in the blockchain ecosystem, offering network services, bolstering security through staking, and participating in governance.

Trading Restrictions and Security Protocols

Bithumb is implementing several restrictions to ensure a secure trading environment for AVAIL transactions. Initially, purchase orders will be limited and sell orders confined to a price range of -10% to +100% of the reference price within the first five minutes of trading. Automated orders will only be allowed once the initial trade is successfully executed. These measures are designed to stabilize the market and safeguard investors. Depositing and withdrawing AVAIL will follow guidelines outlined by Bithumb’s cryptocurrency providers and Travelpool application rules.

Key Considerations for Users

Users should take several precautions before depositing AVAIL:

• Verify the asset address system and ensure network connection.
• Understand that incorrect deposit transactions may cause refund delays.
• Be aware that transactions via restricted exchanges could be subject to additional limitations as per Bithumb’s Service Terms.

Bithumb’s recent integration of AVAIL into the KRW market demonstrates its dedication to broadening trading options and enhancing user satisfaction. With AVAIL, users can look forward to more diverse and secure trading experiences.

Conclusion

Bithumb’s integration of AVAIL into its KRW market marks a significant step towards providing users with greater trading flexibility and security. By adhering to outlined restrictions and ensuring safe trading practices, Bithumb is paving the way for enhanced user experiences in the cryptocurrency exchange landscape. As these changes unfold, traders should stay informed to maximize their opportunities in this evolving market.