South Korea’s second-largest cryptocurrency exchange, Bithumb, has announced the launch of KRW trading pairs for Biconomy (BICO) and Puffer Finance (PUFFER). This development marks a pivotal milestone for both projects, with PUFFER soaring by 40% and BICO climbing nearly 20% in the wake of the listing.
Tokens Now Available on Ethereum Network
Deposits and withdrawals for both tokens went live today, exclusively supported on the Ethereum network. The listing expands Bithumb’s growing footprint in the DeFi space, introducing new opportunities for governance and staking while enhancing the utility of both tokens.
Listing Details
Bithumb officially launched trading for BICO and PUFFER on November 25 in its KRW market. Initial prices for the tokens were set at 480 KRW for BICO and 422 KRW for PUFFER. To ensure seamless trading, the platform has implemented a five-minute restriction on buy orders following the start of trading and capped sell orders within a 12% price range.
Utility and Ecosystem Impact
Both tokens offer significant utility within their respective ecosystems.
- Biconomy (BICO) is integral to the platform’s multi-chain relayer infrastructure, supporting features such as smart accounts, staking, and covering transaction fees.
- Puffer Finance (PUFFER) powers the platform’s innovative liquidity re-staking protocol, allowing users to stake ETH effortlessly and earn rewards.
The addition of these tokens to Bithumb is expected to attract investors seeking access to DeFi governance and staking opportunities.
Price Performance: PUFFER and BICO Surge
Major exchange listings frequently catalyze token price surges, as demonstrated by the recent launch of FLOKI on Coinbase. Similarly, the addition of BICO and PUFFER to Bithumb has led to notable price gains and increased trading volumes.
PUFFER Performance
- Current Price: $0.39
- 24-Hour Change: +40%
- 24-Hour Low/High: $0.26 / $0.422
- Market Cap: $38 million
- Trading Volume (24h): $114 million
PUFFER has risen by 50% in the past month and 36% over the past week, signaling strong bullish momentum.
BICO Performance
- Current Price: $0.37
- 24-Hour Change: +12%
- 24-Hour Low/High: $0.299 / $0.37
- Market Cap: $329 million
- Trading Volume (24h): $59 million
BICO has experienced a 110% surge in the past month and a 27% increase over the last week, reflecting its growing adoption and utility.
Expanding DeFi Opportunities
The launch of BICO and PUFFER on Bithumb solidifies the exchange’s role as a leading hub for innovative DeFi tokens. By introducing these governance and staking-focused assets, Bithumb continues to broaden its offerings and meet the demands of the rapidly evolving cryptocurrency market.
Frequently Asked Questions (FAQs) about Biconomy and Puffer Finance Listing on Bithumb
What tokens have been listed on Bithumb?
Bithumb has listed Biconomy (BICO) and Puffer Finance (PUFFER) on its KRW trading market.
When did the listing go live?
The listing became active on November 25, with deposits, withdrawals, and trading now available.
On which blockchain networks are these tokens supported?
Both tokens are supported exclusively on the Ethereum network for deposits and withdrawals.
What are the initial prices for BICO and PUFFER on Bithumb?
BICO: 480 KRW
PUFFER: 422 KRW
Are there any restrictions for trading these tokens on Bithumb?
Yes, Bithumb has implemented two key restrictions:
1. A five-minute limitation on buy orders after trading begins.
2. A 12% price range restriction on sell orders to ensure smooth transactions.
What utilities do BICO and PUFFER offer within their ecosystems?
Biconomy (BICO): Supports smart accounts, staking, and transaction fees within Biconomy’s multi-chain relayer infrastructure.
Puffer Finance (PUFFER): Powers a liquidity re-staking protocol, enabling users to stake ETH and earn rewards.
How has the listing impacted token prices?
PUFFER: Experienced a 40% price surge within 24 hours, trading at $0.39 with a market cap of $38 million.
BICO: Gained 12% in 24 hours, reaching $0.37, with a market cap of $329 million.
Why is this listing significant for Bithumb and DeFi investors?
This listing enhances Bithumb’s position as a key hub for DeFi tokens, providing investors with new governance and staking opportunities while expanding its offerings in the growing cryptocurrency market.
What is the expected impact of this listing on the broader DeFi space?
The listing introduces more users to the staking, governance, and utility features of BICO and PUFFER, potentially driving adoption and innovation in the DeFi sector.
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