Bithumb, a leading cryptocurrency exchange based in South Korea, recently announced the launch of new trading pairs for two significant tokens, Sonic SVM (SONIC) and AHT (AHT). These tokens will now facilitate trading on the KRW and SAFE KRW markets. The introduction of these pairs is set to enhance trading opportunities for users looking to diversify their cryptocurrency portfolios.
As of January 10, 2025, deposits and withdrawals for these tokens will commence within three hours following the announcement, marking an exciting moment for investors. Trading for AHT on the KRW market will initiate at 2:00 PM KST, while SONIC trading on the SAFE KRW market will begin at 4:00 PM KST. It is noteworthy that AHT utilizes the Luniverse network, whereas SONIC operates on the Solana network, a detail critical for users involved in the trading process.
To maintain market integrity during the initial trading phase, Bithumb has instituted temporary trading limits. For the first five minutes of trading, both buy and sell orders are required to stay within a range of -10% to +100% of the defined reference price. This measure is designed to minimize volatility and protect investors’ interests, allowing the market to stabilize before opening up completely.
Bithumb has also reminded its user base about the significance of adhering to its deposit and withdrawal policies. Engaging in transactions through Bithumb-supported networks is critical, as deposits made through unsupported avenues could lead to delays. Users are encouraged to only transact via compatible networks to avoid complications and ensure a seamless trading experience.
Founded in 2014, Bithumb has maintained a strong reputation in the crypto trading landscape, although it has faced challenges in recent months. Notably, users reported delays in XRP withdrawals in December 2024 due to an uptick in transaction volumes and platform capacity constraints. Bithumb has assured its users that they are actively working to resolve these issues, emphasizing the importance of patience during this time.
As always, potential investors are urged to carry out comprehensive research and understand the risks associated with cryptocurrency trading. Confirming details such as network compatibility and reference pricing can prevent unexpected setbacks when engaging in digital asset transactions. Given the dynamic nature of the cryptocurrency market, making informed decisions is paramount to safeguarding one’s investment.
