Bithumb, a renowned cryptocurrency exchange in South Korea, has recently announced the addition of two new trading pairs. The digital assets Arweave (AR) and Ethereum Name Service (ENS) can now be traded against the South Korean won (KRW), significantly expanding options for its users.
The decision to list these two cryptocurrencies comes at a strategic moment for Bithumb, as it aims to attract a broader audience and diversify its investment portfolio. Deposits for Arweave were opened on May 28th at 6:00 PM, while deposits for Ethereum Name Service started slightly earlier, at 5:30 PM on the same day. This detailed planning aims to facilitate the transition of users to these new trading opportunities.
Ethereum Name Service (#ENS) KRW Market Announcement
New Listing: $ENS will be added to the KRW market today.
For more details https://t.co/frq1keW6es
#bithumb #Listing #KRWmarket #enseth @ensdomains pic.twitter.com/orbxD8CxhM
— Bithumb (@BithumbOfficial) May 28, 2024
Arweave stands out as a decentralized storage network designed for perpetual data storage. The innovative technology behind Arweave has continuously sparked interest in the cryptocurrency community due to its unique value proposition of long-term data preservation.
On the other hand, Ethereum Name Service provides an essential service on the Ethereum blockchain, allowing users to link easy-to-remember domain names to complex cryptocurrency addresses. This service not only simplifies transactions for users but also strengthens the accessibility and functionality of the blockchain.
Bithumb’s commitment to diversifying its crypto ecosystem is evidenced by the inclusion of these new trading pairs. The exchange continues to solidify its position as a market leader in South Korea, regularly introducing new cryptocurrencies and improving the overall user experience on its platform.
Disclaimer: The views and opinions expressed in this article, by the author or anyone mentioned, are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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