Bithumb, a leading cryptocurrency exchange in South Korea, has announced the addition of two new trading pairs: RAY/KRW and PONKE/KRW.
Major South Korean cryptocurrency exchange Bithumb has announced the addition of two new trading pairs: RAY/KRW and PONKE/KRW, catering to the growing demand for decentralized finance (DeFi) tokens.
The RAY token powers Raydium, a decentralized exchange built on the Solana blockchain. Known for its fast and low-cost transactions, Solana has been gaining traction in the DeFi space. With RAY now listed on Bithumb in KRW pairs, South Korean investors will have easier access to Solana-based DeFi projects.
Meanwhile, the PONKE token fuels the Ponke Protocol, a liquidity aggregator for decentralized exchanges. By integrating with multiple DEXes, the Ponke Protocol aims to optimize trading strategies and provide users with the best liquidity possible across different platforms. The addition of PONKE/KRW reflects Bithumb’s efforts to diversify its token offerings and cater to the evolving needs of its user base.
Bithumb has been actively expanding its DeFi token listings as the interest in decentralized finance continues to grow. The exchange currently supports over 307 coins and 316 trading pairs, boasting a 24-hour trading volume of approximately $1.45 billion.
The most active trading pair on Bithumb is BTC/KRW, which alone contributes over $282,378,070.00 to the total 24-hour volume. The addition of RAY and PONKE trading pairs in KRW further underscores Bithumb’s dedication to providing its users with a comprehensive range of tokens.
By listing these tokens, Bithumb is enhancing its DeFi offerings and strengthening its position in the competitive South Korean crypto market, which has been at the forefront of cryptocurrency adoption with many retail investors participating in trading activities.
Including KRW trading pairs for RAY and PONKE will allow local investors to engage with these DeFi tokens directly without needing currency conversion, streamlining the trading process and making it more convenient for them to engage with the broader DeFi ecosystem.
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