Bithumb Announces Plasma (XPL) Listing on KRW Market with Fee Waiver Promotion

Bithumb, one of South Korea's premier cryptocurrency exchanges, has unveiled the exciting addition of Plasma (XPL) to its KRW market, starting October 29. Bolstered by a fee waiver promotion during the initial trading days, this announcement is igniting buzz among digital asset enthusiasts eager to trade this new token.

Key Details of Plasma (XPL) Listing

Plasma (XPL) trading will begin on October 29 at 7 p.m. KST, with its initial reference price established at KRW 2,034. Deposits and withdrawals for XPL will open three hours after the announcement's release, ensuring swift access for users looking to participate early in trading.

To commemorate this new listing, Bithumb is waiving trading fees for all Plasma (XPL) transactions during the promotional period between October 29 at the launch time and October 31 at 7 p.m. KST. This opportunity allows traders to explore the token with reduced costs while accumulating trading volume contributions for their Bithumb membership tier calculations. It should be noted, however, that maker rewards and transaction points related to these trades will not be issued during the fee waiver event.

Temporary Trading Restrictions to Maintain Market Stability

To ensure a stable launch of Plasma (XPL) trading, Bithumb has implemented safeguards to regulate market activity during the initial phases. For the first five minutes after trading begins, buyers will not be able to place buy orders. Sellers, meanwhile, will be allowed to post sell orders, but only within a narrow price range spanning from -10% to +100% of the reference price.

Following the initial phase, additional restrictions will remain in place for approximately two hours. During this period, advanced order types such as market orders will be unavailable, with only limit orders permitted. These measures are designed to maintain a controlled trading environment, minimizing volatility and safeguarding traders during Plasma (XPL)’s debut on the platform.

Investor Advisory on Crypto Trading Risks

Bithumb has accompanied its innovative listing strategy with a strongly worded advisory, reminding investors of the inherent risks tied to virtual assets. The exchange stated, "Virtual assets are high-risk products that carry the potential for partial or total loss of investment capital. Individual investors are solely responsible for their trading decisions, and we strongly advise that they review detailed project documents, including the official website and whitepaper, before making investment moves."

This warning serves to emphasize both the lucrative opportunities and the considerable risks within the volatile cryptocurrency market, particularly for newly introduced digital assets like Plasma (XPL). Bithumb encourages prudent trading while underscoring the importance of thorough research and risk assessment.

Join the Action

Bithumb’s Plasma (XPL) listing reinforces the company’s standing as an industry leader committed to offering diverse trading options and promotional benefits for its users. Stay informed on the latest developments in cryptocurrency by subscribing to BlockMedia on Google News or joining the BlockMedia Telegram channel for real-time updates.

With the launch of Plasma (XPL) on the KRW market, investors are set to embrace fresh opportunities while navigating an electrified trading atmosphere with Bithumb.