Filecoin Listed on Bithumb: What It Means for FIL’s Market Standing?

Filecoin Listed on Bithumb, Driving a 7.60% Price Surge

Bithumb, the top cryptocurrency exchange in South Korea, announced the listing of Filecoin (FIL) on January 6, which caused a 7.60% price spike. Investor interest has been piqued by the move, which has strengthened FIL’s standing in the competitive cryptocurrency market. The listing has increased traders’ optimism because of Bithumb’s stellar reputation for dependability.

In this direction, the KRW market will allow the trading of FIL tokens. Bithumb has provided an initial reference Filecoin price of 8,680 won Bithumb in order to promote transparency. However, because the platform does not accept other networks and may cause processing problems, users must abide by the network regulations specified by the platform. To ensure trouble-free transactions, the platform also asked users to follow the instructions to the systems.

Filecoin Tops DePIN Category in 2024: What’s Next for 2025?

Filecoin topped the DePIN category in 2024, according to Messari data. By announcing that it is building its next chapter this year, the corporation alluded to more advancements in 2025. As of right now, the price of Filecoin is $6.01, up 7.60% over the previous day. With a remarkable 65% gain in the most recent quarter, its price has increased by 21.05% in the past week. Filecoin’s robust market activity is demonstrated by its $3.78 billion market capitalization and $548 million trading volume.

Data from Coinglass shows that after a 200% gain in the last day, Filecoin futures trade surged to $712 million. Additionally, open interest increased by 20% to $363 billion, indicating a rise in confidence in the asset. The heightened levels of activity indicate that a higher Filecoin price is of interest to both institutional and retail traders.

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