• Crypto & Funx
• 04 Jul, 2024

Bithumb announced the listing of cryptocurrencies BB and SKL.

The Korean won pairs of BB and SKL will begin trading at 20:00 on Wednesday.

BB and SKL skyrocketed 19% and 9.7% in the past day respectively.

Bithumb, a prominent digital asset trading platform ranked second in South Korea, has announced the listing of the Korean won trading pairs of digital asset projects BounceBit and SKALE . This resulted in these cryptocurrencies printing significant gains in the past 24 hours amid a stagnant market.

According to the , Bithumb will list the Korean won trading pairs of BB and SKL on November 27 at around 20:00 local time. Investors will have increased exposure to these altcoins, which is evident from the surge in the trading volume of these tokens in the past 24 hours. It is important to note that the holders of these tokens can transfer their assets, but only via the BounceBit and SKALE blockchain networks.

Notably, buy orders are limited to five minutes after the trading of these altcoins goes live. Sell orders will also be limited to 5% after the start of the trading session. Interestingly, Bithumb has increasingly focused on bringing altcoin exposure to its customers. In June 2024, it announced the listing of Ethereum (ETH) Layer 2 protocol Taiko and Popular Meme Coin Brett . The trading platform also Internet Computer earlier this year in June.

Meanwhile, Bithumb’s rival Upbit also shifted focus to altcoins, debuting the trading of Drift , Safe , and Uniswap earlier this year. With a massive volume of $8.94 billion in the past 24 hours, Upbit stands as the fifth-largest cryptocurrency exchange, while Bithumb ranks 18th with a volume of $2.1 billion in the same time period. The two continue to compete for dominance in the digital asset space in South Korea, alongside Gopax, Coinone, Korbit, Binance, and Huobi.

BounceBit and SKALE Price Surge

BounceBit and SKALE have printed massive gains in the past day, with BB skyrocketing 19.04% and SKL rising 9.70%. Further, the two have respective market caps of $183.96 million and $349.58 million. SKL’s trading volume rose 55.17% to $90.15 million in the past 24 hours, while BB’s trading volume stands at $161.79 million, after a 124% surge.

At the time of writing, SKL is trading at $0.06318, up 33.15% in the past week and 78.64% in the last month. Further, the digital asset has skyrocketed 40.60% since November 2023 but is still down a whopping 94.85% from its all-time high of $1.22, witnessed in March 2021.

On the other hand, BB is priced at $0.3872, surging 31.66% in the past week and 39.33% in the last 30 days. Moreover, the cryptocurrency has risen 33.39% since November 2023.