Bithumb Adds Avantis (AVNT) to KRW Market With Trading Launch Scheduled Today

South Korea’s leading digital asset exchange, Bithumb, has officially announced the listing of Avantis (AVNT) on its Korean Won (KRW) trading market. Starting today, September 15, Avantis trading will begin at 2:00 PM KST, with the initial reference price set at KRW 1,140. This marks a significant milestone for the protocol and highlights its growing prominence in the decentralized finance (DeFi) ecosystem.

Overview of Avantis (AVNT)

Avantis is a cutting-edge, on-chain leveraged decentralized exchange (DEX) operating on the Base chain. The platform is designed to deliver perpetual futures trading across multiple asset classes, including cryptocurrencies, Forex, commodities, and metals. This innovative trading system relies on USDC collateral, ensuring secure and efficient transactions for users.

Bithumb has highlighted Avantis' position as a dominant player in the realm of RWA (real-world asset) DEX platforms, excelling particularly in terms of total value locked (TVL) and trading fees. Furthermore, it holds the title of the largest native derivatives exchange built on the Base chain, cementing its status as a leader in blockchain-based leveraged trading.

At the heart of the Avantis platform is its native token, AVNT. This token serves a vital utility role within the protocol, with staking being its primary function. By leveraging AVNT, users can actively participate in the network while benefiting from the token’s associated rewards.

Key Trading and Transaction Details

Trading for Avantis (AVNT) officially begins today at 2:00 PM KST. Bithumb users will enjoy access to deposits and withdrawals starting at 12:04 PM KST, within one hour of the announcement. These transactions will be conducted exclusively through the Base (BASE) network, emphasizing the protocol's consistent reliance on its native chain infrastructure for secure operations.

To ensure a controlled and stable trading environment during the initial listing phase, specific restrictions will be applied:

• Buy Order Restrictions: For the first five minutes post-launch, buy orders for AVNT will temporarily be disabled.
• Sell Order Pricing Limits: During this same initial period, sell orders will only be permitted within a range of -10% to +100% of the initial reference price of KRW 1,140.
• Limit Order Functionality: For approximately two hours following the launch, only limit orders will be supported on the platform.

These measures aim to mitigate price volatility and provide a seamless onboarding experience for traders.

Why You Should Pay Attention to Avantis

The listing of Avantis on Bithumb demonstrates the growing interest in protocols that bridge real-world asset trading with blockchain technology. Leveraged DEX platforms like Avantis are redefining the landscape of decentralized finance by offering users diverse investment opportunities across global markets. With Avantis leading the charge in TVL and trading activity within its segment, its influence is only expected to rise as demand for decentralized derivatives trading grows.

The AVNT token's staking functionality further enhances its appeal by incentivizing active participation while improving protocol security. Combined with its strategic deployment on the Base chain, Avantis offers robust infrastructure, unparalleled liquidity, and secure trading options that appeal to both novice and seasoned investors.

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Explore related insights in the article, "Avantis’ Three Growth Plans Towards a $1 Trillion Trading Volume Market – by Populous," which dives deeper into the strategic aspirations driving Avantis’ success.

Bithumb’s move to list Avantis underscores the exchange’s commitment to supporting innovation within the digital asset landscape. If you're looking for a pioneering protocol with promising growth potential, Avantis may deserve a closer look.