South Korea’s leading crypto exchange Bithumb has announced the listing of Deepbook (DEEP) to its Won Market today, with trading support provided exclusively on the Sui network. The listing announcement has lead a surge in $DEEP’s market price. The crypto exchange has categorically reminded users that deposits via other networks are not supported.
Bithumb Adds Deepbook (DEEP)
🚀 딥북(#DEEP) 원화 마켓 추가 안내
New Listing : $DEEP will be added to the KRW market today.For more details 👉 https://t.co/hbXUlNYnPY
#bithumb #Listing #KRWmarket #DEEP @DeepBookonSui pic.twitter.com/w3nmlx2kcz— Bithumb (@BithumbOfficial) January 8, 2025
According to the official announcement, deposits and withdrawals will commence within two hours of the notice being posted, while trading is scheduled to begin at 3:00 PM on Wednesday, January 8, 2025.
The base price for $DEEP has been set at 230 won, with 20 deposit confirmations required to secure transactions.
To ensure a secure trading environment for $DEEP transactions, there are some customary restrictions laid down by Bithumb. Thus, buying orders are restricted for the first five minutes after trading begins. Selling orders are limited during the first five minutes to prices no less than -10% and more than +100% of the base price.
Bithumb has also informed that automated orders will only be available after the initial transaction following the start of trading.
Deepbook (DEEP) Market Trends
Deepbook is the Sui-based integrated liquidity layer featuring a Central Limit Order Book (CLOB). Following Bithumb’s listing announcement, $DEEP rose 4.86% to $0.1735. The 24-hour market volume surged by an impressive 13.88%, reaching $65.42 million.
$DEEP remains highly popular, with a substantial market cap of $481.12 million.
Also Read: South Korea’s Bithumb Lists PEAQ and VANA Leading to a Surge
