Bithumb Lists Internet Computer (ICP), Boosting Its Price by 9.5%

• South Korea’s second-largest cryptocurrency exchange, Bithumb, has announced the listing of a new altcoin.
• The exchange will list Internet Computer (ICP), and deposit transactions for ICP are already open.
• ICP trading will be available in the South Korean Won (KRW) pair, allowing investors to trade ICP/KRW.

Discover the latest developments with Bithumb’s listing of Internet Computer (ICP), and the impact on its market value.

Bithumb Confirms Listing of Internet Computer (ICP)

Bithumb, one of South Korea’s leading cryptocurrency exchanges, has made significant waves by announcing the listing of Internet Computer (ICP). The announcement came via their official website on June 12, marking a new addition to their already diverse portfolio of cryptocurrencies. This development is particularly noteworthy as Bitcoin (BTC) and Ethereum (ETH) trading volumes have taken a backseat to altcoins on Bithumb’s platform.

Details of the ICP Listing

According to Bithumb’s announcement, the deposit transactions for ICP were made available ahead of the official listing, which became live at noon Korean Standard Time (KST). The exchange has made it clear that deposits will only be accepted via the Internet Computer network. Users are advised against attempting deposits from other networks to avoid potential complications.

Impact on ICP Market Value

Following Bithumb’s listing announcement, Internet Computer (ICP) saw a noticeable spike in its market value. As per CoinGecko’s data, the price of ICP surged from $9.85 to $10.80, representing a 9.5% increase. However, at the time of writing, the token experienced some market correction and is now trading at $10.36.

Trading Pair Details

Investors and traders can look forward to ICP being traded in the South Korean Won (KRW) pair. This introduces a new avenue for local traders interested in diversifying their portfolios with promising altcoins. The ICP/KRW trading pair is expected to attract significant interest, given the recent performance and market sentiment around ICP.

Conclusion

The listing of Internet Computer (ICP) on Bithumb is a noteworthy development in the cryptocurrency landscape, especially for South Korean investors. As Bithumb continues to diversify its offerings, the addition of ICP not only provides traders with new opportunities but also signifies the growing importance and popularity of altcoins in the market. Investors should stay tuned for potential future announcements from Bithumb as new listings could further impact market dynamics.