The leading stock exchanges operating in the crypto currency market offer upbit and bithumbes, adding new Altcoin projects to their lists and offers an expanded transaction volume to investors. This development creates important opportunities for crypto currency investors, while contributing to the increase in the process of transaction of platforms.
Upbit lists Kaıto
UPbit, one of South Korea’s largest crypto asset exchanges, announced that it has started to provide transaction support for KRW, BTC and USDT parity for Kaıto (Kaıto). Stating that Kaıto is working on the base network, the stock market stressed that users can only transactions over the specified network. Kaıto’s deposit and withdrawal operations are activated within two hours after the announcement, while trade transactions will begin as of 5 March 15:00. After the development, the price of KAITO rose around 17 percent.
According to UPbit’s statements, Kaıto deposit will be free for the first 24 hours, but after this period, transaction fees will be applied. In addition, the purchase orders are limited for the first five minutes after the transaction is opened, while sales prices will be prevented from decreasing to a level of less than 10 %than the closing price the previous day. For the first hour, only limit orders will be allowed.
BITHUMB offers support for two subcoin
Bithumb, another large stock market based in South Korean, announced that it has added Plume (Plume) and Cow Protocol (Cow) tokens to the process list with KRW parity. Both assets stand out as projects that will be traded on the Ethereum network and have different usage areas. According to Bithumb’s information, the investment and drawing processes for Plume and Cow will be opened two hours after the announcement, and the transaction support will begin on March 5, 15:00. Plume’s initial price was set at 199 KrW and Cow’s 425 KRW. After the development of Plume, 15 percent increased by 7.70 percent.
Plume is used as Plume Network’s local tokens, which offers financial solutions based on physical assets. This platform aims to provide an infrastructure to tokeize real world assets such as solar panels, oil reserves and mineral certificates. Token will be used for stinging, governance and transaction fees in the network. Cow Protocol is a defi platform running on Ethereum and uses the Bath Auction for price discovery. The services offered by the platform include position blocking and automatic market maker (AMM). Cow aims to increase the earnings of liquidity providers, while providing protection against issues.
Bithumb has also announced that it will organize a four -day AirDrop event for Plume. Users will be able to win a certain amount of Plume award if they perform Plume for four days.
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