Bithumb Lists New Altcoins BRETT and TAIKO, Prices Surge Post-Announcement

• Bithumb, South Korea’s second-largest cryptocurrency exchange, announced new altcoin listings to commence the day.
• The exchange will list two altcoins named BRETT and TAIKO on its platform.
• According to Bithumb, BRETT and TAIKO will be available for trading in the Korean Won market starting on July 9, 2024.

Discover the latest developments as Bithumb lists BRETT and TAIKO, two promising altcoins, boosting their market presence.

Bithumb Announces Listing of BRETT and TAIKO

Bithumb, a prominent cryptocurrency exchange in South Korea second only to Upbit, has officially announced the listing of two new altcoins, BRETT and TAIKO. These listings are set to invigorate the Korean Won market starting from July 9, 2024. The exchange specified that the deposit service for both altcoins will begin at 3:00 PM KST, with trading and withdrawal services commencing at 6:00 PM KST on the same day.

BRETT and TAIKO Trading Details and Supported Networks

The exchange clarified that BRETT will be supported on the BASE network, whereas TAIKO will leverage the Taiko network, explicitly stating that deposits from other networks will not be supported. Bithumb’s initiative marks an important step for altcoin adoption within South Korea, aiming to provide diverse trading options for its users.

Market Reaction and Price Movements

Following the announcement, both BRETT and TAIKO experienced significant price surges. BRETT, a memecoin operating on the Base network, saw its value increase by 14%. On the other hand, TAIKO, which is backed by Ethereum co-founder Vitalik Buterin and features zkEVM technology on its Layer 2 infrastructure, witnessed a price spike of 16%. These price movements underscore the growing enthusiasm and market validation for these altcoins.

Prospects of TAIKO and BRETT in the Crypto Space

TAIKO’s integration with zkEVM Ethereum Layer 2 offers a compelling value proposition, catering to scalability and transaction efficiency which are critical for future blockchain applications. BRETT, despite being a memecoin, has gained traction and attention within the crypto community due to its BASE network affiliation. Market analysts suggest that these listings could enhance liquidity and heighten investor interest, further solidifying Bithumb’s position in the global crypto market.

Conclusion

Bithumb’s move to list BRETT and TAIKO adds to the diversity and robustness of the Korean cryptocurrency market. By facilitating new trading opportunities and supporting advanced blockchain technologies, Bithumb is not only enhancing its service portfolio but also contributing to the broader adoption and acceptance of cryptocurrencies. Investors and traders will closely watch how these listings impact the market dynamics and the future developments these altcoins may bring.