Bithumb, recognized as the second largest cryptocurrency exchange in South Korea after Upbit, has made an announcement stating that it will offer three new tokens: Neiro (NEIRO), Morpho (MORPHO), and Sundog (SUNDOG) with trading starting today, December 5, 2024.
According to the announcement, the trading times are set for three intervals and will open in the order: NEIRO at 6:00 PM, MORPHO at 6:30 PM, SUNDOG at 7:00 PM local time, and made available for trade against the paired Korean won.
However, the exchange has put in place some rules to ensure that the market remains orderly in the first few minutes of the trading session. For the first five minutes right after the tokens are listed, buyers won’t be able to place orders, and sell orders will be restricted to a price ranging from -10% to +100% of the starting price.
The exchange also said deposits for these tokens will open three hours right after the listing announcement. Traders can deposit funds using Ethereum and Tron networks.
Bithumb revealed that these tokens were properly reviewed before getting approval for listing. Also, the listing is expected to increase the demand for these tokens especially given the exchange’s large user base in South Korea.
Shortly after the announcement, the prices of NEIRO increased by 5%, MORPHO increased by 20% and SUNDOG increased by 7%. In the last month, SUNDOG has been among the best performers with a 90% increase while NEIRO and MORPHO increased by 38% and 15% respectively according to CoinMarketCap.
Also Read: HAWK Memecoin Collapses – Did Hawk Tuah Girl Dump It?
