Bithumb Lists Across Protocol (ACX) KRW Trading Pair, Promises New Cross-Chain Bridge

South Korea's second-largest cryptocurrency exchange, Bithumb, has announced the listing of Across Protocol (ACX) on its KRW market.

South Korea's second-largest cryptocurrency exchange, Bithumb, will list the Across Protocol (ACX) KRW trading pair on Saturday.

The trading will commence at 6:00 PM local time on Saturday, March 22, with an initial price for ACX set at 439 KRW. At the same time, deposits and withdrawals will be enabled.

The exchange will be supporting the ACX token on the Ethereum network only, while deposits from other networks will not be accepted. Additionally, deposits and withdrawals will only be supported through virtual asset exchanges authorized by Bithumb.

The platform is a decentralized cross-chain bridge designed for efficient and secure transfers of digital assets between different blockchain networks.

Earlier this year, Bithumb came under investigation by local prosecutors, who are probing the exchange for potential price manipulation of cryptocurrencies.

The investigation was launched in January following suspicions that Bithumb employees colluded with private equity funds to bid up the prices of specific cryptocurrencies.

Prosecutors are also examining whether Bithumb illegally used customer funds for personal investments and engaged in fraudulent activities related to crypto derivatives products.

The probe is part of a broader crackdown by South Korean authorities on the cryptocurrency industry, which has been rife with scams and market manipulation in recent years.

The integration of Across Protocol marks a significant step for Bithumb as it expands its offerings to cater to the diverse needs of the crypto community.

As of the last update, the price of ACX is showing a slight decrease of 0.38% in the 24-hour period, trading at $0.409.

The post Bithumb to List Across Protocol (ACX) KRW Trading Pair appeared first on Coin Edition.