South Korea’s second-largest cryptocurrency change, Bithumb, introduced as we speak that it is going to be itemizing Euler (EUL) on its spot buying and selling platform.
The announcement comes because the Euler community continues to realize traction within the decentralized finance (DeFi) area, attracting consideration from main exchanges and reaching report ranges of whole worth locked (TVL).
Bithumb Itemizing Triggers Double-Digit Rally For EUL
Euler is a decentralized finance (DeFi) protocol on the Ethereum (ETH) network that lets customers lend, borrow, and trade crypto belongings. Its governance token, EUL, is used for voting and ecosystem incentives.
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In line with the announcement on Bithumb’s official web site, EUL will probably be out there to commerce in opposition to the Korean Gained (KRW). The change notified its customers that buying and selling will start at 5:00 PM Korean Commonplace Time (KST).
The change confirmed that EUL will probably be supported solely on the Ethereum network. The reference worth for the itemizing has been set at 12,930 KRW.
“In compliance with the Journey Rule, deposits and withdrawals are supported solely by way of digital asset service suppliers (VASPs) exchanges supported by Bithumb. If belongings are deposited by way of an change not included within the listing of supported exterior exchanges, the deposit won’t be processed, and it might take a very long time to return the unprocessed deposit,” Bithumb added.
Euler’s itemizing provides another altcoin option for South Korean traders at a time when home exchanges are competing to diversify their choices. In the meantime, as observed with many altcoins, EUL additionally noticed a worth soar after the announcement.
Market knowledge confirmed the worth surged almost 44% from $9.6 to $13.8. As of press time, it has stabilized at $12.7, reflecting a 31.55% achieve.
The value pump additionally positioned EUL as the highest gainer among the many high 300 cryptocurrencies on CoinGecko. Moreover, the buying and selling quantity rose 251% to $8.5 million. HTX accounted for almost all of this exercise.
The itemizing is one other milestone for EUL and got here almost a month after the main US-based change, Coinbase, also added buying and selling assist for the altcoin.
Apart from the worth, the community itself has seen substantial progress. Information from DefiLama revealed that Euler’s TVL reached a brand new all-time excessive (ATH) of $1.52 billion as we speak. This represents a virtually 15-fold improve because the starting of 2025.
Monetary metrics additional spotlight Euler’s momentum. Token Terminal data indicated that the protocol’s income and costs have grown over 500percentin 2025, reflecting robust consumer adoption. With robust community progress, rising monetary metrics, and growing change assist, EUL continues to draw consideration as one of many extra dynamic altcoins in 2025.