Bithumb Lists Haedal Protocol for Korean Won Trading
Bithumb, a leading South Korean cryptocurrency exchange, announced the listing of Haedal Protocol (HAEDAL) for KRW trading, causing a 50% price surge.
- Bithumb lists Haedal Protocol for KRW trading on May 2.
- HAEDAL surged by 50% pre-listing.
- Market capitalization hit $32 million post-announcement.
Haedal’s listing on Bithumb signifies increased liquid staking opportunities in South Korea, stimulating market excitement with a 50% token price surge.
Bithumb’s decision to list Haedal Protocol (HAEDAL) has notable implications for the South Korean market. The listing followed other major exchanges, such as Binance Alpha and KuCoin, indicating strong industry interest. Bithumb’s significant role as a major exchange is enhanced by this strategic addition.
The decision impacts both the Haedal token and the Sui blockchain ecosystem, with the market responding positively with a 50% token price increase. Investors saw this as a major opportunity, boosting HAEDAL’s market capitalization to $32 million. The move underscores the growing relevance of liquid staking solutions across Asia.
On the financial landscape, daily trading volume for HAEDAL increased by 20%, signaling strong investor interest. Financial analysts anticipate further growth in liquid staking solutions across the global crypto markets. The listing price of ₩178 reflects a bullish sentiment in line with other exchanges’ outcomes. Historical trends from recent exchange listings suggest increased trading interest and strategic positioning within the digital asset market.
The surge in HAEDAL’s price ahead of its Bithumb listing highlights positive market sentiment and investor interest in liquid staking solutions. – Mark Johnson, Editor, Followin
More From Crypto News
Revolut Gave Hackers Customer Records After Fake Govt Request
Revolut reportedly handed customer records to hackers after accepting a fraudulent government data request, according to a single published report that remains...
Bitcoin Slips Toward $77.5K After Holding Near $78.7K Friday
Bitcoin slipped toward $77,500 in Saturday trading after holding near $78,700 on Friday, a modest weekend pullback that leaves the Bitcoin price roughly $1,200...
Thailand SEC Proposes $151K Daily Stablecoin Transfer Cap
Thailand’s Securities and Exchange Commission is proposing a daily cap on stablecoin transfers of roughly $151K, part of a set of board-approved principles for...
Coinbase SPCXc Tokenized SpaceX Stock Hits $6.6M DEX Volume
The claim centers on a single number: $6. 6M in trading volume for the ticker SPCXc across decentralized exchanges, a DEX being a venue where trades settle on-c...
Grayscale Files to Rename Litecoin Trust as ETF
Grayscale has filed to rename its Litecoin Trust as the Grayscale Litecoin Trust ETF, a proposed naming change that does not, on its own, establish ETF approval...
UniCredit Weighs Crypto Custody, Brokerage; Seeks Tech Partner
UniCredit is weighing crypto custody and brokerage services and is on the hunt for a technology provider to build the underlying infrastructure, according to a...
