Bithumb Adds Camino Finance (KMNO) to KRW Market: Key Details and Trading Insights

South Korean cryptocurrency exchange Bithumb has officially listed Camino Finance (KMNO), a decentralized finance (DeFi) protocol built on the Solana blockchain, on its Korean Won (KRW) trading market as of October 19. This listing further solidifies Bithumb’s position as a robust platform supporting diverse blockchain-based projects and assets.

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What Is Camino Finance?

Camino Finance is a forward-thinking DeFi platform aimed at simplifying complex financial operations like liquidity provision, lending, and leveraging. By automating these processes, the project seeks to make advanced DeFi strategies more accessible. Powered by the Solana blockchain, Camino Finance benefits from Solana’s high throughput, low-cost infrastructure, enabling users to execute transactions swiftly and efficiently. This makes it particularly suitable for investors exploring decentralized finance solutions.

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KMNO Deposits and Trading Guidelines

Deposit Activation and Network Compatibility
Shortly after the announcement, Bithumb allowed KMNO deposits on its platform, opening this feature within two hours. However, deposits are strictly limited to the Solana blockchain, reflecting the project’s foundational ties to it. Transfers from other blockchain networks are strictly unsupported to ensure transaction security and integrity.

Trading Launch Details
Trading for KMNO began at 6:00 PM local South Korean time on the same day. Bithumb introduced specific measures to foster a secure trading environment during the initial stages:

• Reference Price: The starting reference price for KMNO was set at KRW 130.
• Buy-Order Restriction: To stabilize market activity, the exchange imposed a buying restriction for the first five minutes of trading.
• Sell-Order Price Range: Sell orders were confined to a range between -10% and +100% of the initial reference price.
• Limit Order Availability: To maintain orderly trading conditions, only limit orders were permitted for the first two hours of KMNO trading.

These structured measures showcase Bithumb’s commitment to ensuring a balanced and fair trading experience, particularly when launching new assets.

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Risk Disclosure and Investment Recommendations

As part of its announcement, Bithumb highlighted the inherent risks associated with cryptocurrency investments, reinforcing the importance of thorough due diligence. The exchange reminded its users that virtual assets are highly volatile and come with the potential for full or partial loss of invested capital.

Bithumb advised traders to conduct comprehensive research before engaging with KMNO or any other token. This includes scrutinizing essential project documentation, such as its whitepaper and official website. Investors are encouraged to not only understand the foundational aspects of Camino Finance but also evaluate its future roadmap to make well-informed decisions.

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Stay Updated on Camino Finance and Bithumb

For those actively trading KMNO or other assets, Bithumb encourages users to stay informed through its Telegram channel. The platform regularly provides real-time updates, trading alerts, and other relevant information to help users manage their investments effectively.

Camino Finance’s listing demonstrates Bithumb’s ongoing commitment to supporting innovative blockchain projects. By providing a robust structure for trading and detailed guidelines, the exchange ensures a positive experience for its users while encouraging responsible investment practices.