George Miller
Bithumb, a cryptocurrency exchange based in South Korea, has introduced the Orderly Network (ORDER) on its KRW trading market. Trading for ORDER will commence at 3:00 PM on December 3, 2024, with an initial price set at 239 Won.
오덜리 네트워크(#ORDER) 원화 마켓 추가 안내
New Listing : $ORDER will be added to the KRW market today.For more details https://t.co/8QWwZoIv1R#bithumb #Listing #KRWmarket #OrderlyNetwork @OrderlyNetwork pic.twitter.com/g6K83icCPB
— Bithumb (@BithumbOfficial) December 3, 2024
As stated in the official announcement, users will be able to deposit and withdraw funds within two hours following this notification. Trading will utilize the Ethereum network; deposits made through other networks will not be accepted.
To maintain stability, Bithumb will impose specific trading restrictions. For the first five minutes post-launch, buy orders will be restricted, while sell orders may only vary within -10% to +100% of the listed price. Automated trades can commence only after the initial trading session.
Furthermore, Bithumb warns users regarding deposits and withdrawals. Users may face significant delays for refunds on incorrect deposits and should double-check the address and network details before proceeding. Only the specified types of virtual assets will be processed.
Investors should be aware that investments in virtual assets carry substantial risk and must proceed with caution.
Impact of Bithumb Listing: Surge in $ORDER Value
Following the listing announcement, $ORDER experienced a dramatic increase, climbing by 90% to reach $0.3082, although current trading stands at $0.2909. The 24-hour market cap for ORDER surged by an astounding 205%, reaching $56.60 million. This growing interest in the project has boosted its overall market cap to an impressive $60.53 million after a 59.19% rise.