- Bithumb, South Korea’s second-largest cryptocurrency exchange, is set to list two new altcoins.
- The exchange announced that the trading volumes of Bitcoin (BTC) and Ethereum (ETH) have fallen behind altcoins.
- BRETT and TAIKO will be officially listed on Bithumb today at 12:00 PM KST.
Bithumb adds BRETT and TAIKO to its trading platform, signaling further diversification into altcoins.
Bithumb to List BRETT and TAIKO: What You Need to Know
Bithumb has announced the listing of two new altcoins, BRETT and TAIKO. The announcement was made on Bithumb’s official website, stating that these coins will be available for trading starting today at 12:00 PM KST. This move is seen as a significant step in diversifying the trading options available on the platform and is expected to attract more traders looking to invest in these specific altcoins.
Details on the New Listings
Bithumb has specified that BRETT deposits will be available exclusively through the Base network, and TAIKO deposits will be facilitated only through the Taiko network. The exchange has cautioned users against transferring assets from other networks to avoid any complications. Both coins will be traded against the South Korean Won (KRW), which will open new trading pairs for KRW, specifically BRETT/KRW and TAIKO/KRW.
Market Reactions
Following the listing announcement, CoinGecko data indicated a substantial increase in the value of both coins. BRETT saw a 14% spike, trading at $0.126, while TAIKO experienced a 12% rise, trading at $2.29 at the time of writing. These increases highlight the market’s positive reception and the growing interest in these altcoins.
Conclusion
Bithumb’s decision to list BRETT and TAIKO is a strategic move to capture the growing interest in altcoins, further solidifying its position as a leading cryptocurrency exchange in South Korea. Investors are now looking forward to exploring these new trading pairs, which could pave the way for more diverse investment opportunities within the crypto market.
