Bithumb, one of the leading cryptocurrency exchanges in South Korea, announced the listing of Aerodrome Finance (AERO) and Solve Protocol (SOLV) on the KRW market, resulting in a massive increase in AEROβs market cap.
Bithumb lists $AERO and $SOLV
μμ΄λ‘λ둬 νμ΄λΈμ€(#Aero)
New list: $ aero They will be added to the KRW market today.For more details
https://t.co/jwvY1izGkV
#bithumb #existing #KRWmarket #Aero @AerodromeFi pic.twitter.com/XwSvqCW6Ypβ Bithumb (@BithumbOfficial) January 24, 2025
According to the official announcement, deposits and withdrawals for both SOLV and AERO will begin within two hours of publishing the notice. Cryptocurrency trading is scheduled to begin at 3:00 PM on Friday, January 24, 2025.
The base price of SOLV is set at 97.69 won, with 15 deposit confirmations required to secure transactions. On the other hand, the base price for AERO is set at 1,505 won, with 200 deposit confirmations for transactions. In its official notice, Bithumb confirmed that AERO is supported exclusively on the BASE network, and SOLV will be supported on the BNB Smart Chain. Note that deposits via other networks will not be supported.
To ensure a safe trading environment, Bithumb has implemented several restrictions on $SOLV and $AERO during the initial trading period. Therefore, buy orders are restricted during the first five minutes after the start of trading. Sell ββorders are also restricted for five minutes after the start of trading at prices less than -10% or more than +100% of the base price. Finally, automated orders will only be available after the first transaction following the start of trading.
Bithumb listing drives AERO higher
After the listing announcement, AERO rose By 0.67% to $1.0304. AEROβs 24-hour market volume also increased by 99.9% to reach $74.52 million. AEROβs market cap remains strong at $777.91 million.
However, it has SOLV He went down By 8.36% to $0.06737. SOLVβs 24-hour market volume also suffered a slight decline of 5.40% to $160.34 million.
Read also: Artela Networkβs $ART to be listed on Gate, Bitmart, MEXC; A donation worth $70,000
