Bithumb Launches PROM/KRW Trading Pair
In a move to expand its trading offerings, South Korea's prominent cryptocurrency exchange Bithumb has officially added PROM to its Korean Won market. This listing provides local investors with a direct fiat gateway to trade the PROM token.
Trading Schedule and Network Support
Trading for the PROM/KRW pair commenced today at 1:00 PM Korea Standard Time (KST). The exchange has established an opening base price of 3,975 KRW for the new market.
Regarding technical infrastructure, Bithumb has confirmed that it will support deposits and withdrawals via the Ethereum network. Users must utilize ERC-20 compatible addresses for all transfers. The deposit and withdrawal services were activated approximately two hours following the official announcement, facilitating smooth asset movement for users.
Market Implications and User Considerations
Listings on major exchanges like Bithumb often enhance a token's liquidity and visibility within the regional market. For Korean traders, the direct KRW pairing offers a more streamlined trading experience by eliminating the need for intermediate crypto conversions.
As with any new listing, initial trading periods may see increased volatility. Investors are advised to conduct their own research on the project and exercise caution. Always ensure you are using official channels and securely managing your wallet keys when moving assets.