Bithumb Expands KRW Market with TOSHI and HOLOWORLD Listings

Bithumb, one of South Korea's foremost cryptocurrency exchanges, has announced the listing of two new digital assets, TOSHI and HOLOWORLD, on its Korean won (KRW) trading platform. The move marks another significant step in the exchange's efforts to broaden its market offerings and cater to a diverse trader base.

TOSHI: Key Listing Information

TOSHI, a cryptocurrency operating within the BASE blockchain network, is set to begin trading on Bithumb's KRW market. Deposits and withdrawals for TOSHI will open within two hours of the formal announcement, ensuring users have adequate time to prepare for transactions. Trading activity for TOSHI is scheduled to commence at 3 p.m. on the same day, with an initial reference price of KRW 0.8320.

To enhance transaction security, a minimum of 200 confirmations is required for all TOSHI deposits. This ensures that the token's network has adequate time to confirm authenticity and protect user funds before they are credited.

HOLOWORLD: Listing Timeline and Specifics

The second asset, HOLOWORLD, leverages the Solana (SOL) blockchain and is also being introduced to Bithumb's KRW market. According to the exchange, deposits and withdrawals for HOLOWORLD will become available within three hours of the announcement, giving users ample preparation time. Trading for HOLOWORLD will kick off at 4 p.m., with a reference price initially set at KRW 539.

To safeguard user transactions, deposits for HOLOWORLD require validation through a 20-confirmation process. These additional layers of security are a testament to Bithumb's commitment to ensuring user assets remain secure during high-volume listing periods.

Early Trading Restrictions for Investor Protection

To maintain market stability and shield investors from potential volatility, Bithumb has introduced specific trading restrictions for these newly listed tokens. For the first five minutes of trading, buy orders will be restricted, while sell orders must stay within defined parameters—they cannot be priced at less than 10% below or more than 100% above the reference price.

Additionally, only limit orders will be permitted for a roughly two-hour period following trading activation. These measures aim to prevent drastic price swings and ensure a controlled trading environment as liquidity stabilizes for the new tokens.

Travel Rule Compliance and Network Advisory

In adherence to South Korea’s stringent cryptocurrency regulations, Bithumb has emphasized the importance of compliance with Travel Rule standards for deposits and withdrawals of TOSHI and HOLOWORLD. A spokesperson for the exchange underscored that transactions are only supported with exchanges aligned with the Travel Rule and compatible with Bithumb's listed assets.

Users are advised to double-check the network and address structure before initiating deposits. Errors, such as sending assets from unsupported exchanges or to incompatible networks, could lead to substantial delays in asset reflection or even the return of funds.

Stay Updated with the Latest Developments

Bithumb's proactive measures reflect its dedication to fostering a secure and reliable trading ecosystem. For additional details and real-time updates, users are encouraged to follow trusted cryptocurrency news outlets, such as Block Media, via platforms like Telegram. Direct engagement with official channels will ensure traders stay informed about any developments.

With the addition of TOSHI and HOLOWORLD, Bithumb continues to strengthen its position in the competitive cryptocurrency market, delivering enriched trading opportunities to its users while prioritizing security and regulatory compliance.