Bithumb, South Korea’s leading cryptocurrency exchange, announced that it has listed two new altcoins, RAD and MAGIC coin. This move comes at a time when Bitcoin and Ethereum are surpassing altcoin volumes. On the other hand, several more cryptocurrency exchanges have released altcoin listing news. Here are the details…
Bithumb announces listing for RAD and MAGIC coins
With the announcement made on the official website on January 15, Bithumb announced that it created a list for Radworks (RAD) and Magic (MAGIC). The exchange stated that deposits of RAD and MAGIC will be made through the Ethereum and Arbitrum One networks, respectively. He made a warning that transfers should only be made through these networks. RAD and MAGIC will be traded in South Korean Won (KRW) parity, and investors will be able to buy and sell in RAD/KRW and MAGIC/KRW trading pairs. According to CoinGecko data, RAD increased by 25 percent to over $2 after Bithumb’s listing announcement. On the other hand, MAGIC coin increased by 10%.
Other stock exchange listings attracted attention
However, not only Bithumb, many exchanges also made new altcoin listings today:
- BitMart lists Virtual Versions (VV/USDT) at 12:00 UTC.
- MEXC lists All in GPT (AIGPT/USDT) at 12:00 ET.
- MEXC lists Fud the Pug (FUD/USDT) at 17:00 ET.
- MEXC lists Koinon (KOIN/USDT) at 13:00 ET.
- MEXC lists Greelance (GRL/USDT) at 18:00 ET.
- BitMart lists Nelore Coin (NLC/USDT) at 13:00 ET.
What is the importance of listing announcements?
Bithumb’s listing of Radworks (RAD) and Magic (MAGIC coin) marks a significant move in the dynamic cryptocurrency market, where exchange listings play a significant role in shaping an asset’s trajectory. Exchange listings act as a gateway for crypto assets to reach a wider audience, making them accessible to a wide range of traders and investors. For RAD and MAGIC, inclusion on Bithumb not only establishes their credibility but also offers them the chance to benefit from the vibrant South Korean crypto community.
Additionally, the broader context of altcoin listings on various exchanges underscores the competitive nature of the crypto space. Exchanges like BitMart and MEXC continue to play a vital role in facilitating the discovery and adoption of promising projects. These platforms act as key players in fostering innovation by providing a platform for emerging tokens to gain visibility. Additionally, for investors, exchange listings are often viewed as an important factor when considering a cryptocurrency’s potential. Listing on reputable exchanges not only increases the liquidity of the token, but also instills confidence in investors who often seek the assurance of a safe and regulated trading environment.
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