South Korea’s leading crypto exchange, Bithumb, announced today the listing of two cryptocurrencies, Peak (PEAQ) and BANA (VANA), on its KRW market. Trading for both tokens is scheduled to begin on Thursday, January 2, 2025, at 4:00 PM KST.
🚀 피크(#PEAQ) 원화 마켓 추가 안내
New Listing : $PEAQ will be added to the KRW market today.For more details 👉 https://t.co/KJzrt29zBs #bithumb #Listing #KRWmarket #peaq @peaq pic.twitter.com/BM5TdW8wbH
— Bithumb (@BithumbOfficial) January 2, 2025
Bithumb Lists PEAQ, VANA
For PEAQ, trading will be supported 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, with deposit and withdrawal services starting within three hours of the announcement. The network requires 10 confirmations for deposits to be completed.
Similarly, as per the official notice, VANA will also be supported on the Won Market, with no allowance for deposits via other networks. 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. The network requires 100 confirmations for deposits.
As is customary, 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. Additionally, 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.
Bithumb has also 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
Hours after the listing announcement, $PEAQ rose to 36.15% and is now trading at $0.6848. The 24 hour market cap has also gone up by 31.27% to $447.34 million. The project’s popularity is evident from its market cap, which has surged to a massive $50.45 million after a 98.72% increase.
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 $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
