Bithumb, South Korea’s second-largest cryptocurrency alternate, introduced the itemizing of two new altcoins right this moment.
The brand new supported tokens embody Lista DAO (LISTA) and Merlin Chain (MERL). The itemizing announcement triggered double-digit worth will increase for each crypto belongings, pushing them to 6-month highs.
Bithumb Broadcasts LISTA and MERL Itemizing
According to Bithumb’s official announcement, the tokens might be accessible for buying and selling in opposition to the Korean Gained (KRW). Deposits and withdrawals might be accessible inside 3 hours of the announcement.
“In compliance with the Journey Rule, deposits and withdrawals are solely supported by means of digital asset service suppliers which can be supported by Bithumb,” the announcement learn.
The alternate added that LISTA buying and selling is scheduled to start at 4:00 PM Korean Normal Time (KST) on July 24. The reference worth might be 354 KRW.
After this, Bithumb will launch MERL buying and selling at 6:00 PM KST. The reference worth for the altcoin is 161 KRW.
Following the information, the costs reacted sharply. LISTA, the native token of an open-source lending and liquidity protocol, Lista DAO, surged 33.97%. The worth reached $0.36, marking LISTA’s highest stage since January 2025.
Equally, MERL, the native token of Merlin Chain, a Bitcoin layer-2 network, skilled a 20.53% improve to $0.168, a stage final seen in late January.
These worth actions spotlight the numerous affect of South Korean exchanges on altcoin markets. Upbit and Bithumb have previously propelled tokens like Hyperlane (HYPER), Babylon (BABY), Huma Finance (HUMA), and more to important features by means of strategic listings.
Notably, the exchanges’ robust presence in one of many largest cryptocurrency markets might be a key driver behind their affect. In accordance with Ledger, in South Korea, 27% of the people aged 20 to 50 are at present holding digital belongings, with 70% expressing an curiosity in increasing their crypto portfolios this yr.
The mixed worth of digital belongings held throughout the nation’s high 5 exchanges, Upbit, Bithumb, Coinone, Korbit, and GOPAX, has exceeded 100 trillion Gained (~$73 billion), reinforcing South Korea’s place as a world frontrunner in blockchain adoption.
This dominance inside South Korea has also benefited the exchanges. Bithumb, for instance, has seen its buying and selling quantity improve threefold over the previous month.
CoinGecko data revealed that the amount has risen from around $758 million to $2.7 billion, marking a powerful 256.2% surge.
Equally, Upbit has experienced a exceptional spike in quantity. It has grown from $1.7 billion to $8.3 billion, reflecting a 388.24% improve, highlighting rising dominance.
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