Bithumb, the second-largest cryptocurrency exchange in South Korea, kicked off July 9th with a major announcement: the listing of two new altcoins, BRETT and TAIKO, on its Korean Won market.
BRETT, a memecoin riding the wave of popularity on the Base chain, and TAIKO, a zkEVM Ethereum layer 2 scaling solution backed by Ethereum co-founder Vitalik Buterin, both became available for deposits at 3:00 PM KST. Full trading functionality, including withdrawals, commenced at 6:00 PM KST.
This move by Bithumb has already sparked significant market activity. Within hours of the announcement, both BRETT and TAIKO experienced notable price surges, with BRETT jumping 14% and TAIKO climbing 16%. This enthusiastic response underscores the growing appetite among South Korean investors for both memecoins and innovative Ethereum scaling solutions.
The listing on Bithumb, a major player in the South Korean crypto exchange scene, offers enhanced accessibility and liquidity for BRETT and TAIKO. This increased exposure to the Korean market is expected to further fuel interest in these altcoins and potentially drive their prices even higher.
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As the cryptocurrency landscape continues to evolve, this latest development from Bithumb demonstrates the platform's commitment to providing diverse investment opportunities for its users and solidifies its position as a leading force in the South Korean crypto market.
July 2024, Cryptoniteuae