South Korea’s Leading Crypto Exchange, Bithumb, Lists PEAQ (PEAQ) and BANA (VANA) on its KRW market

New Listing : $PEAQ will be added to the KRW market today. For more details

South Korea’s leading crypto exchange, Bithumb, has announced the listing of two cryptocurrencies on its KRW market today. The tokens set to join the exchange's Won Market are Peak (PEAQ) and BANA (VANA). Trading for both tokens will commence on Thursday, January 2, 2025, at 4:00 PM KST.

Bithumb Lists PEAQ, VANA

According to an official notice by Bithumb, PEAQ (PEAQ) will trade exclusively on the Won Market, and deposits via other networks will not be supported. The base price for PEAQ has been set at 853 won, and deposit and withdrawal services will begin within three hours of the announcement. Notably, the network requires 10 confirmations for deposits to be completed.

Meanwhile, VANA (VANA) will also be supported on the Won Market, with no allowance for deposits via other networks, as per the official notice. The base price for VANA is set at 23,730 won, and the deposit and withdrawal services will open within three hours of the notice. Deposits on the network require 100 confirmations to be completed.

As usual, Bithumb will enforce specific trading restrictions to ensure a stable trading environment. For the first five minutes after trading begins, buying orders will be restricted. Furthermore, selling orders during this period will be limited to a price range between -10% and +100% of the base price. Automatic transactions will only be allowed after the initial transactions have concluded.

Lastly, Bithumb has issued a warning, urging traders to verify address systems and network details carefully when making deposits, as refunds for incorrect deposits may experience significant delays.

PEAQ, VANA Surge After Bithumb Listing

The listing announcement saw $PEAQ rise to 36.15% and trade at 0.6848$. The 24 hour market cap also went up by 31.27% to 447.34 million$. Surging to a massive 98.72% increase, the project’s popularity is evident from its market cap, which has reached an impressive 50.45 million$.

Not just PEAQ, but VANA too saw a surge in its price value to 17.16$ after a jump of 7.81%. Its market cap has grown by 7.37% to reach 515.79M$. However, the 24 hour market volume has gone down by 29.14% to 149.74 million$.

Also Read: XRP Trading Volume Surges In South Korea Amid Political Turmoil