Upbit and Bithumb, South Korea's Largest Crypto Exchanges, Expand KRW Markets with New Listings

Upbit, the largest cryptocurrency exchange in South Korea, has officially launched a new trading market for BIGTIME, a blockchain-based multiplayer role-playing game. This addition allows users to trade BIGTIME using the Korean Won (KRW), further diversifying Upbit's cryptocurrency offerings and catering to the increasing interest in blockchain gaming.

South Korean cryptocurrency exchanges are expanding their horizons once again with the addition of new trading markets. Here's a closer look at the latest updates from Upbit and Bithumb.

1. Upbit Launches BIGTIME Trading Market

- Upbit, South Korea's largest cryptocurrency exchange, has officially launched a new trading market for BIGTIME, a blockchain-based multiplayer role-playing game.

- This integration allows users to trade BIGTIME using the Korean Won (KRW), adding to Upbit's diverse cryptocurrency offerings and catering to the growing interest in blockchain gaming.

2. Bithumb Expands KRW Markets with JTO, ETHFI Listings

- In a related move, Bithumb, South Korea's second-largest exchange, has announced the introduction of KRW trading markets for two new cryptocurrencies - JTO and ETHFI, as indicated on the company's website.

- With this expansion, the Bithumb group aims to enhance the existing choices in the market and provide users with a wider range of options to trade in the burgeoning crypto market.

- The new markets for JTO and ETHFI are set to go live today.

3. More Details on JTO, ETHFI KRW Trading Markets

- For JTO, trading will be available in the KRW market, while deposits and withdrawals will begin at 2:00 PM KST on September 5th, 2024.

- Other details of the trading include that JTO base price is set at 2,896 KRW and to carry out the transaction, users will need 20 deposit confirmations.

- ETHFI will also be listed on the KRW market starting from September 5, 2024, at 2:00 PM KST for both deposits and withdrawals.

- The trading for ETHFI will commence at 6:00 PM KST. ETHFI is priced at 1,702 KRW.

4. Significance of New Trading Markets

- The introduction of these new trading markets by Upbit and Bithumb expands the possibilities for cryptocurrency trading in South Korea.

- Both trading platforms are keeping up with global trends and customer needs by including these new tokens and markets in their portfolio.

- These additions reflect the constantly evolving nature of the international cryptocurrency space.