NEAR and AIOZ Added to Leading Korean Exchange
Price Surge After Listing: NEAR and AIOZ on Bithumb
NEAR, one of the oldest alternative cryptocurrencies, and AIOZ, an AI-based cryptocurrency, have been added to the list of supported assets on the Korean cryptocurrency exchange.
Bithumb, the second largest cryptocurrency exchange in Korea, announced that it is introducing two new assets to its KRW markets. Trading pairs for NEAR/KRW and AIOZ/KRW are now available, launched today, May 7, 2024.
Bithumb also provides the option for deposits and withdrawals for both new pairs. For the AIOZ cryptocurrency, deposits are available on the Ethereum blockchain (ETH).
To prevent drastic price changes, the price dynamics of the new pairs will be limited for the first five minutes of trading. Users will not be able to buy NEAR or AIOZ cheaper than 10% below the initial price or more than 2x compared to the initial price.
Bithumb is one of the largest cryptocurrency exchanges in Korea. It facilitates fiat transactions in Korean won and ranks among the top twenty CEX exchanges in terms of trading volume.
Following the announcement of the new listings, the price of NEAR increased by 2.6%, and AIOZ saw an even greater surge. AIOZ rose from $0.73 to $0.90, nearing a billion-dollar market cap. AIOZ ranks among the top 10 AI-based cryptocurrencies in terms of market capitalization.
