Listing of Binance-Backed Altcoin from South Korean Giant Stock Exchange: Price Is Rising!

Bithump, South Korea's 2nd largest cryptocurrency exchange, will list the altcoin launched as Binance's launchpool project.

Listing news for Binance-backed altcoin Xai (XAI) came from Bithumb, South Korea's giant stock exchange, where Bitcoin (BTC) and Ethereum (ETH) transactions lag behind altcoin volumes.

According to Bithumb's announcement on its official website on June 5, XAI will be listed today at 12:00 GMT.

In the statement made by the exchange, it was stated that XAI deposits will be open only to the Arbitrum network. Bithumb also warned against transfers from other networks.

While it is stated that XAI will be traded in the South Korean Won (KRW) parity, after the listing in question, investors will be able to buy and sell in the XAI/KRW trading pair.

According to CoinGecko data, XAI reached $0.963, an increase of 11% from $0.868, with the listing announcement by Bithumb. At the time of writing, XAI is trading at $0.936 amid some correction.