출처: Block Media
Bithumb Adds Bitlayer (BTR) to KRW Market: Trading Launches October 25
Bithumb, one of South Korea's most prominent cryptocurrency exchanges, is poised to expand its offerings with the addition of Bitlayer (BTR) to its Korean Won (KRW) market. Trading for the new asset will commence at 3:00 PM KST on October 25, with the base price of BTR set at 127 KRW. This move signals continued growth in Bithumb's portfolio and reflects the platform's dedication to supporting diverse virtual assets in South Korea’s thriving cryptocurrency sector.
Deposit and Withdrawal Guidelines for BTR
Deposits and withdrawals for Bitlayer (BTR) will be made available within two hours following the announcement. However, these transactions are strictly limited to the Ethereum (ETH) network, ensuring seamless blockchain compatibility. The exchange has issued an important notice to users, cautioning that deposits made through other networks will not be processed. Investors must verify the transaction network before proceeding to avoid any disruptions or complications.
Zero Transaction Fees Promotion
In celebration of Bitlayer’s listing, Bithumb is rolling out a limited-time promotional offer to encourage trading activity. All transaction fees for Bitlayer trades will be waived until 3:00 PM KST on October 27. This promo period provides investors with a prime opportunity to explore BTR trading without incurring additional costs.
Initial Trading Restrictions: Ensuring Stability
To foster a stable trading environment during Bitlayer's initial listing period, Bithumb has implemented key restrictions for the opening phase. These measures are designed to mitigate volatility and protect both new and experienced investors.
- Buy Order Restrictions: For the first five minutes after trading begins, users will not be able to place buy orders for BTR.
- Sell Price Limits: During the same period, sell orders must adhere to strict price boundaries:
- Selling is restricted at prices 10% below the base price.
- Selling at prices 100% above the base price is also prohibited.
- Limit Orders Only: For approximately two hours after trading launches, only limit orders will be accepted for BTR transactions, ensuring controlled price points and transparency in the market.
These structured measures aim to shield investors from unforeseen price swings and foster a smoother onboarding process for Bitlayer.
Risk Advisory for Traders
A spokesperson for Bithumb highlighted the inherent risks associated with newly listed assets, advising traders to proceed with caution. “The newly listed asset is subject to significant price volatility. Therefore, we urge investors to exercise caution and thoroughly review the project’s whitepaper and details before making trading decisions,” said the representative. The whitepaper, often regarded as the cornerstone of cryptocurrency investment research, contains comprehensive information about Bitlayer and should be carefully analyzed by interested parties.
Regulatory Compliance: Travel Rule Standards
As part of its commitment to regulatory oversight, Bithumb has confirmed that the listing complies with Travel Rule regulations. Introduced to enhance transparency and security in the crypto space, these guidelines necessitate restrictions on deposits and withdrawals involving specific external exchanges designated by Bithumb. Investors should remain mindful of these rules to avoid any operational limitations during the deposit or withdrawal process.
Key Takeaways for Investors
The upcoming launch of Bitlayer on Bithumb’s KRW market presents a promising new avenue for cryptocurrency enthusiasts and traders. However, the exchange urges a meticulous approach to this opportunity, emphasizing key considerations:
- Familiarize yourself with Bitlayer’s technical details and vision by thoroughly reviewing the project’s whitepaper.
- Understand and follow deposit instructions exclusive to the Ethereum network to prevent errors.
- Leverage the zero transaction fee promotion to maximize early trading opportunities.
- Adhere to initial restrictions to ensure smoother trading and market stability.
As cryptocurrency continues to evolve as a dynamic investment space, regulatory adherence and informed decision-making remain paramount for long-term success. By embracing these precautions, investors can strategically navigate the introduction of BTR while mitigating risks associated with price volatility.
