South Korea’s major exchange enables trading with SAFE KRW and KRW markets, emphasizing network-specific guidelines.
Bithumb, a prominent cryptocurrency exchange based in South Korea, has introduced new trading pairs for Sonic SVM and AHT. AHT (AHT) is now available for trading on the KRW market, while Sonic SVM (SONIC) will be traded in the SAFE KRW market.
Within three hours of the announcement, both tokens will be available for deposits and withdrawals. Trading for AHT in the KRW market will begin at 2:00 PM KST, while SONIC trading on the SAFE KRW market is scheduled to start at 4:00 PM KST. AHT uses the Luniverse network, whereas the SONIC token runs on the Solana network. Both tokens require 20 confirmations for deposits.
To maintain market stability during the initial phase, Bithumb has implemented temporary trading limits. During the first five minutes of trading, buy and sell orders are restricted to stay within -10% and +100% of the reference price. Automated orders are only allowed after the initial trade execution.
The exchange has also reminded users to follow its policies regarding deposits and withdrawals, emphasizing the importance of conducting transactions through networks and exchanges supported by Bithumb. Deposits made via unsupported networks or exchanges may result in delays or require additional steps to resolve, potentially complicating the process for users.
As a cryptocurrency trading platform established in 2014 and based in South Korea, Bithumb is known for its wide variety of digital assets and its adherence to regulatory standards. However, the exchange has faced challenges in recent months, including issues with XRP withdrawals. In Dec. 2024, users experienced delays in XRP withdrawals, attributed to a combination of increased transaction volumes and platform capacity limitations. These delays prompted Bithumb to reassure its users that the issue would be resolved, urging them to be patient as the platform worked through the backlog.
To avoid potential issues, users are advised to confirm critical details such as network compatibility and reference pricing before initiating transactions. Given the major risks associated with cryptocurrency trading, investors are strongly encouraged to conduct thorough research before making decisions. Any losses resulting from trading activity remain the sole responsibility of the user.
