South Korea’s Bithumb Lists Filecoin; FIL Surges

 
Ritu Lavania
Written By 
Ritu Lavania
January 6, 2025

South Korea’s leading crypto exchange, Bithumb has announced the listing of Filecoin (FIL) and its transaction is officially launched on the Won Market.

Bithumb Allows Filecoin (FIL) Trading

According to the official announcement, the trading is ed on the Filecoin network and deposits via other networks are not ed. The deposit/withdrawal will begin within three hours from the time of the notice posting. The trading start time is scheduled for 4:00 PM on Monday, January 6, 2025.

The base price for the Filecoin trade is fixed at 8,680 won and the number of deposit confirmations required is 60.

To ensure a secure trading environment for FIL transactions, there are some restrictions laid down by the crypto exchange. Thus, buying orders are restricted for the first five minutes after trading begins. Selling orders are limited during the first five minutes to prices no less than -10% or more than +100% of the base price.

Bithumb has also informed that automated orders will only be available after the initial transaction following the start of trading.

Filecoin(FIL) Surges Post Bithumb’s Listing

Following Bithumb’s listing announcement, Filecoin (FIL) rose 11.72% to $6.27. The 24-hour market volume surged by an impressive 117%, reaching $408.96 million.

Courtesy: Filecoin market price via Coinmarketcap

Filecoin, a project designed to operate as a decentralized alternative to cloud storage companies like Amazon Web Services or Cloudflare, remains highly popular, as evidenced by its substantial market cap of $3.87 billion.

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.