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Bithumb Unveils Exciting New Listings: BICO and PUFFER Join the Exchange

Bithumb, the prominent cryptocurrency exchange in South Korea, has revealed that it will add two new digital currencies, Biconomy (BICO) and PUFFER, to its trading platform against the Korean Won (KRW). The trading will officially commence on Monday, November 25, 2024, at 3:00 PM (KST).

Bithumb’s New Listings for Biconomy (BICO) and PUFFER:

  1. Both assets operate on the Ethereum network (Deposits from other networks are not accepted).
  2. Initial prices are set at 480 KRW for BICO and 422 KRW for PUFFER.
  3. Deposits and withdrawals will begin two hours after this announcement.
  4. A total of 33 confirmations are required for deposits.

To maintain a secure trading atmosphere, Bithumb is applying certain trading restrictions. Buying orders will be prohibited for the first five minutes of trading, and selling will be limited within the first five minutes if prices fluctuate more than 10% below or 100% above the established rates. Automated orders will be activated after the completion of the inaugural transaction.

In a formal announcement, Bithumb highlighted that deposits from unsupported networks might experience considerable delays in refund processing. The initial market price upon launch is noted as the reference figure, rather than the price of the first trade.

Bithumb also warned that investing in virtual assets carries high risks and could result in significant financial losses. The exchange stated, “Investors are accountable for their decisions regarding virtual assets, including any resultant losses. It is crucial to thoroughly examine project websites and white papers before trading, and to proceed with caution.”

Moreover, new users who register within a week of this announcement might encounter specific deposit and withdrawal limitations or may need additional verification.