Bithumb’s listing of Filecoin (FIL) has led to a 12% increase in price, indicating growing investor interest and stronger demand for the asset. Additionally, Filecoin’s futures volume has increased by 20%. However, investors are cautioned to proceed with caution given the volatile nature of digital assets.
On January 6, Bithumb announced that Filecoin would start trading on the KRW market. The initial reference price was set at 8,680 won. The exchange’s reliability and solid reputation created a positive perception among investors. Users were informed that they must comply with platform policies and that other networks are not supported. In addition, Bithumb limited buy orders for the first 5 minutes to provide a secure trading environment, and also restricted buy orders 100% above the price and sell orders 10% below. Users were asked to carefully follow the instructions regarding deposits and account restrictions. It was emphasized that investors should take cautious steps due to the volatility of the digital asset market.
Filecoin’s Leadership in the DePIN Industry
According to Messari data, Filecoin is the leader in the DePIN category as of 2024. The company stated that this year is the process of "building the next chapter", stating that further progress will be made in 2025. These developments have further strengthened Filecoin's position in the sector.
Filecoin, which increased by 12% in the last 24 hours and reached $6.23, recorded a growth of 25% on a weekly basis and 65% on a quarterly basis. With a market value of $3.84 billion, Filecoin has strong market activity with a trading volume of $454 million.
According to futures data, Filecoin’s futures volume reached 712 million, while open interest rose to $363 billion. This increase indicates rising confidence in the asset. Major crypto exchanges such as Binance, OKX, and Bitget have increased interest in Filecoin.
Being listed on a major exchange allows the cryptocurrency market to reach a wider audience and create new demands. Bithumb’s listing of Filecoin has positively affected the market dynamics and supported the value growth of other tokens.
As a result, the listing of Filecoin on Bithumb created significant movement in the crypto market. This development increased investor confidence, while the security measures provided by the platform also attracted attention. However, it is important to follow a cautious investment strategy considering market conditions.
