KRW market Archives - Coin Engineer

Upbit Lists A New Coin!

Yigit Taha OZTURK — Tue, 01 Apr 2025 08:01:11 +0000

Upbit has announced the listing of Compound (COMP) in the KRW market. The token, based on the Ethereum network, will be available for trading starting April 1, 2025, at 16:35 (KST).

Upbit COMP Listing: What You Need to Know

Buying orders will be restricted for the first 5 minutes after the trading starts.
Selling orders below -10% of the previous day’s closing price will be restricted for the first 5 minutes.
Only limit orders will be allowed for the first hour, with market and stop-limit orders disabled.

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Important Deposit & Withdrawal Guidelines

COMP deposits and withdrawals are only supported on the Ethereum network (ERC-20).
Funds sent via unsupported networks may be lost or require a lengthy recovery process.
Transactions must be made from wallets registered in your name.
For large deposits, proof of funds may be required.

What Is COMP (Compound)?

Compound is a decentralized finance (DeFi) protocol built on Ethereum, enabling users to lend and borrow cryptocurrencies. Users can stake assets as collateral to borrow funds or lend assets to earn interest. Additionally, COMP tokens are used for governance participation and rewards within the protocol.

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Bithumb Announces Zircuit (ZRC) Listing on KRW Market

Yigit Taha OZTURK — Mon, 13 Jan 2025 10:24:27 +0000

One of South Korea’s largest cryptocurrency exchanges, Bithumb, has shared an exciting announcement with its users. Ethereum Layer-2-based Zircuit (ZRC) will start trading on the KRW market on January 13, 2025. This development is expected to increase Zircuit’s global recognition while creating new opportunities for investors.

Trading Details

Zircuit (ZRC) will be listed exclusively with transfer support through the Zircuit network on the KRW market. Deposit and withdrawal services will be activated within two hours of the announcement. Trading is set to begin today at 4:00 PM KST. The initial price for ZRC is set at 98.79 KRW, and deposit transactions will be confirmed after 33 network confirmations.

Airdrop Event

Bithumb is hosting a special airdrop event for Zircuit. Users who trade ZRC for two consecutive days will have the chance to earn free ZRC token rewards. This initiative aims to boost ZRC adoption and encourage active participation from users. More details about the event can be found on Bithumb’s official website.

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Zircuit is an Ethereum Layer-2 solution specializing in DeFi services. The project leverages AI technology to reduce network congestion while making transactions more secure. These features not only enhance the user experience but also drive demand for the ZRC token.

Investor Warnings

To ensure a secure trading environment, Bithumb will restrict buy orders for the first 5 minutes after trading begins. Sell orders will also be limited to within 10% below and 100% above the initial price. Additionally, automated orders will only be enabled after the first transaction is completed.

Investors are advised to exercise caution as transferring assets through incorrect networks can result in asset loss, and recovery may take significant time. Furthermore, the high-risk nature of crypto assets requires users to make decisions responsibly, as all potential losses will be borne by the investor.

The post Bithumb Announces Zircuit (ZRC) Listing on KRW Market appeared first on Coin Engineer.

Magic Eden (ME) and Shin Futures (F) Join Bithumb’s KRW Market!

Yigit Taha OZTURK — Tue, 10 Dec 2024 13:30:15 +0000

Bithumb has announced the addition of Magic Eden (ME) and Shin Futures (F) to its KRW market, offering new investment opportunities to its users. These projects operate on distinct networks and bring innovative approaches to the crypto space. Magic Eden, a platform focused on NFTs, will operate via the Solana network, while Shin Futures, an Ethereum-based project, aims to revolutionize financial instruments with its advanced solutions.

Magic Eden exclusively supports deposits via the Solana network, meaning deposits from other networks will not be processed. Deposits for ME will start on December 10, 2024, at 23:00 (KST). With a standard price of 2,286 KRW, transaction confirmations will require 20 blocks. Meanwhile, Shin Futures has already enabled deposits just two hours after the announcement, with trading beginning at 22:00 (KST). The token is priced at 88.09 KRW and requires 33 blocks for deposit confirmation on the Ethereum network.

To ensure a secure trading environment, Bithumb has implemented several restrictions. For instance, buy orders are limited during the first five minutes of trading, and sell orders are restricted to within -10% and +100% of the standard price during the same timeframe. Automated orders will only be available after the first transaction is completed. These measures are designed to foster a safer and more controlled trading experience for investors.

Bithumb also emphasized the importance of using the correct network for deposits, warning that incorrect transfers could result in significant delays. Under its Travel Rule, the exchange only supports deposits and withdrawals through verified exchanges, ensuring enhanced security for user funds.

The inclusion of these two groundbreaking projects has created significant buzz in the Korean crypto market. Magic Eden, with its NFT-focused innovation, and Shin Futures, offering Ethereum-based financial advancements, are poised to attract attention from investors seeking cutting-edge blockchain solutions.

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