Bithumb lists PEAQ and VANA on KRW market with trading starting January 2 at 4:00 PM KST.
PEAQ and VANA deposits require strict network confirmations before trading on Bithumb KRW market.
PEAQ and VANA see price surges after Bithumb listing boosts market interest in both tokens.
Bithumb, South Korea’s largest cryptocurrency exchange, has listed PEAQ and VANA on its Korean Won (KRW) market. Trading for both tokens will begin on Thursday, January 2, 2025, at 4:00 PM KST. In addition, the listing announcement gave specific guidelines on deposit, withdrawal, and trading restrictions.
https://twitter.com/WuBlockchain/status/1874641481350439382 PEAQ and VANA Listing and Specifications
PEAQ trading will be exclusively available on the KRW market. Deposits using other networks will not be supported. The base price for PEAQ has been set at 853 won. Deposit and withdrawal services for PEAQ will be enabled within three hours of the announcement. Deposits will require ten network confirmations for completion.
Similarly, Bithumb will support VANA exclusively on the KRW market. Deposits via other networks are also restricted. The base price for VANA has been set at 23,730 won. Deposits and withdrawals for VANA will open within three hours of the announcement. However, deposits will require 100 confirmations before processing.
Trading Restrictions and Guidelines
To ensure stability, Bithumb has implemented specific trading restrictions. During the first five minutes after trading begins, buying orders will not be allowed. Selling orders will be restricted to a price range between -10% and +100% of the base price. Automatic transactions will commence only after initial trades are processed.
Market Impact and Performance
PEAQ’s price surged 29.69% following the announcement and is now trading at $0.6763. Its 24-hour market capitalization increased by 29.65% to reach $441.61 million. The project’s total market cap rose by 140.93% to $61.48 million, reflecting strong market interest.
VANA also experienced a notable rise, with its price increasing by 9.07% to $17.37. Its overall market cap grew by 9.09% to $522.72 million. VANA’s 24-hour trading volume increased by 21.74% to $188.71 million.
Bithumb has urged users to carefully verify address systems and network details before making deposits. Incorrect deposits may result in significant delays for refunds. This listing marks a significant development for both tokens, reflecting their growing demand in the crypto market.
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