George Miller
Bithumb, the top cryptocurrency exchange in South Korea, has officially listed Filecoin (FIL) and started supportive trading on its Won Market.
Filecoin (FIL) Now Available for Trading on Bithumb
Bithumb Listing: [New Market] Filecoin (FIL) added to the KRW market
Bithumb 新增: [市场] 新增 Filecoin (FIL) KRW 市场https://t.co/VHQaTUgjgH$FIL— 方程式新闻 BWEnews (@bwenews) January 6, 2025
As stated in the official announcement, trading will occur solely on the Filecoin network, with no support for deposits from other networks. Deposit and withdrawal actions will commence three hours following the notice, with trading expected to start at 4:00 PM on Monday, January 6, 2025.
The initial trading price for Filecoin is set at 8,680 won, requiring 60 confirmations for deposits.
To maintain security during FIL transactions, the exchange has issued several guidelines; for instance, buying orders will be limited for the first five minutes after trading begins, and selling orders must be priced within -10% to +100% of the initial price during that same period.
Additionally, Bithumb has mentioned that users will only be able to place automated orders after the initial transactions occur once trading begins.
Filecoin (FIL) Sees Price Increase After Bithumb Listing
In the wake of the listing news, Filecoin (FIL) experienced a rise of 11.72% to $6.27, with its 24-hour trading volume skyrocketing by 117% to hit $408.96 million.
Filecoin aims to provide a decentralized alternative to cloud storage solutions such as Amazon Web Services and Cloudflare, and it remains highly favored within the market, boasting a significant market capitalization of $3.87 billion.