- South Korea’s second-largest cryptocurrency exchange, Bithumb, is set to list a new altcoin.
- Recently listed on Coinbase, Core (CORE) will now also be available on Bithumb.
- Bithumb has stipulated that deposits for CORE are to be made solely through the CoreDAO network.
Discover the latest addition to Bithumb’s listing, Core (CORE), and what it means for investors in the volatile cryptocurrency market.
Introduction: Bithumb’s New Listing – Core (CORE)
Leading South Korean cryptocurrency exchange, Bithumb, has announced the inclusion of a new altcoin, Core (CORE), recently listed on Coinbase. This news comes at a time when Bitcoin (BTC) and Ethereum (ETH) transactions are lagging behind altcoin volumes on the platform. The official listing is scheduled for June 24th at 17:00 KST (Korean Standard Time).
CORE Listing Details and Trading Pairs
Bithumb’s announcement revealed that deposits for CORE will be exclusively supported via the CoreDAO network. Investors are cautioned against transferring through other networks to avoid any issues. Once listed, trading will commence in the CORE/KRW (Korean Won) pair, allowing users to engage in buying and selling activities. This strategic move is anticipated to boost liquidity and trading volume on Bithumb.
Market Reaction and Price Movements
Following Bithumb’s announcement, the cryptocurrency experienced a notable price increase. According to CoinGecko, CORE’s value surged from $1.30 to $1.41, marking a 9.1% rise. However, the price later stabilized, trading at approximately $1.325 at the time of writing. This volatility highlights the speculative nature of altcoins and the impacts of exchange listings on market dynamics.
Understanding CORE and Its Potential
Core (CORE) has garnered attention within the crypto community due to its innovative technology and use case. As it becomes available on major exchanges like Coinbase and Bithumb, the outlook for CORE appears promising. Its inclusion in Bithumb’s offerings could drive broader adoption and trading activity. Investors and traders will be closely monitoring CORE’s performance, particularly its impact on the South Korean market, which is known for its vibrant cryptocurrency ecosystem.
Conclusion
Bithumb’s decision to list Core (CORE) reflects the ongoing trend of diversifying available assets on major exchanges. This move not only provides South Korean investors with new opportunities but also underscores the dynamic and rapidly evolving nature of the cryptocurrency market. As trading commences, both short-term traders and long-term holders will be analyzing CORE’s performance against the backdrop of broader market conditions. The strategic listing aligns with Bithumb’s goal of enhancing its trading offerings and maintaining a competitive edge in the global crypto exchange industry.
