Bithumb Introduces Boundless (ZKC) to KRW Market with Investor Safeguards

Bithumb, a leading cryptocurrency exchange in South Korea, has announced the listing of Boundless (ZKC) on its Korean won (KRW) trading market. Trading for the token is scheduled to begin on October 15 at 11:00 p.m. KST. This development highlights Bithumb’s commitment to delivering diverse investment opportunities within the blockchain ecosystem.

Boundless (ZKC) Supported on Ethereum

The Boundless (ZKC) token will be integrated into the Ethereum (ETH) blockchain network, ensuring compatibility and ease for users engaging with the token. Furthermore, deposits and withdrawals for Boundless (ZKC) are projected to be fully operational within four hours following the onboarding announcement. This swift timeline reflects Bithumb’s streamlined approach to token listing while maintaining network security.

Temporary Trading Restrictions to Mitigate Volatility

To protect investors from the typical volatility that accompanies new token listings, Bithumb is implementing carefully designed restrictions during the initial trading period. These measures aim to enhance market stability and offer a safer trading environment:

• Buy Restriction: Purchasing Boundless (ZKC) will be prohibited during the first five minutes of trading.
• Sell Restriction: Sell orders placed within the first five minutes must adhere to a strict pricing range—no less than 10% below the initial price and no more than 100% above it.
• Order Type Restriction: For the first two hours of trading, only limit orders will be accepted.

These precautionary measures underscore Bithumb's proactive approach to safeguarding investors while ensuring smooth market integration.

Travel Rule Compliance for Secure Transactions

Adhering to global cryptocurrency regulations, Bithumb announced specific travel rule compliance measures for deposits and withdrawals of Boundless (ZKC). Transactions will only be facilitated between approved external Virtual Asset Service Providers (VASPs). Users are strongly advised to confirm the blockchain network (Ethereum) and address accuracy before depositing assets.

In cases where funds are sent to incorrect wallet addresses, recovery processes may require significant time and effort. This serves as a reminder for users to exercise caution and double-check transaction details.

Stay Updated

Bithumb encourages users to stay informed about Boundless (ZKC) developments through official communication channels, including the Blockmedia Telegram group. Monitoring these updates will ensure users remain aware of any new announcements or changes related to the token.

By listing Boundless (ZKC) and ensuring robust investor protections, Bithumb is reinforcing its position as a forward-thinking exchange committed to promoting market trust and user confidence.