Bithumb includes MEW in its KRW market

Bithumb, South Korea’s premier cryptocurrency platform, has recently introduced Cat in a Dog’s World (MEW) to its KRW market, expanding its range of trading options. This decision has led to a 25% increase in MEW’s price, as illustrated in the graph below.
Details of the MEW Listing
MEW will be traded on the Wonhwa Market and will utilize the Solana network for deposits exclusively. Bithumb has specified that deposits made through other networks will not be supported. Stay updated with the latest technology news on NEWSLINKER.
The deposit window is set to open on June 7, 2024, at 15:30, with trading and withdrawals commencing at 18:00 on the same day. The reference price for MEW has been established at 6,053 KRW, with 20 deposit confirmations required.
It is important for investors to recognize the risks associated with cryptocurrency trading. Bithumb has emphasized that investments in cryptocurrencies can result in substantial losses, potentially leading to the complete loss of the investment. Within seven days of this announcement, Bithumb reserves the right to impose restrictions on deposits and withdrawals, freeze accounts, and request additional verification to ensure security and compliance.
Order Restriction Reminders
In order to maintain a secure trading environment, Bithumb has implemented certain order restrictions for new investors. Initially, buy orders will be restricted for the first five minutes after trading begins. Additionally, sell orders will be limited to a range of -10% to +100% of the reference price during this period. Automated orders will only be permitted after the first execution following the beginning of trading.
Users must adhere to specific guidelines when making deposits and withdrawals to prevent any issues. Bithumb, in accordance with the Travelpool application, only supports transactions through cryptocurrency providers compatible with its platform. Therefore, deposits and withdrawals must be conducted through exchanges supported by Bithumb to ensure seamless transactions.
Users should exercise caution when depositing crypto assets, as only specified types of crypto assets can be processed in case of incorrect deposits. Prior to making any deposits, users should verify the asset’s address system and network connection displayed on the deposit screen to avoid errors.
Stay updated on our news through Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.