Bithumb, South Korea’s second-largest cryptocurrency trade, introduced the itemizing of two new altcoins right now.
The brand new supported tokens embrace Lista DAO (LISTA) and Merlin Chain (MERL). The itemizing announcement triggered double-digit value will increase for each crypto property, pushing them to 6-month highs.
Bithumb Pronounces LISTA and MERL Itemizing
In line with Bithumb’s official announcement, the tokens can be accessible for buying and selling in opposition to the Korean Gained (KRW). Deposits and withdrawals can be accessible inside 3 hours of the announcement.
“In compliance with the Journey Rule, deposits and withdrawals are solely supported via digital asset service suppliers which might be supported by Bithumb,” the announcement learn.
The trade added that LISTA buying and selling is scheduled to start at 4:00 PM Korean Normal Time (KST) on July 24. The reference value can be 354 KRW.
After this, Bithumb will launch MERL buying and selling at 6:00 PM KST. The reference value for the altcoin is 161 KRW.
Following the information, the costs reacted sharply. LISTA, the native token of an open-source lending and liquidity protocol, Lista DAO, surged 33.97%. The worth reached $0.36, marking LISTA’s highest degree since January 2025.
Equally, MERL, the native token of Merlin Chain, a Bitcoin layer-2 community, skilled a 20.53% improve to $0.168, a degree final seen in late January.
These value actions spotlight the numerous affect of South Korean exchanges on altcoin markets. Upbit and Bithumb have beforehand propelled tokens like Hyperlane (HYPER), Babylon (BABY), Huma Finance (HUMA), and extra to important good points via strategic listings.
Notably, the exchanges’ sturdy presence in one of many largest cryptocurrency markets may very well be a key driver behind their affect. In line with Ledger, in South Korea, 27% of the people aged 20 to 50 are presently holding digital property, with 70% expressing an curiosity in increasing their crypto portfolios this 12 months.
The mixed worth of digital property held throughout the nation’s prime 5 exchanges, Upbit, Bithumb, Coinone, Korbit, and GOPAX, has exceeded 100 trillion Gained (~$73 billion), reinforcing South Korea’s place as a worldwide frontrunner in blockchain adoption.
This dominance inside South Korea has additionally benefited the exchanges. Bithumb, for instance, has seen its buying and selling quantity improve threefold over the previous month.
CoinGecko information revealed that the amount has risen from round $758 million to $2.7 billion, marking a formidable 256.2% surge.
Equally, Upbit has skilled a outstanding spike in quantity. It has grown from $1.7 billion to $8.3 billion, reflecting a 388.24% improve, highlighting rising dominance.
The put up Bithumb Listings Propel Two Altcoins to six Month Highs appeared first on BeInCrypto.
