New Listing from South Korean Giant: Altcoin Price Surges

Bithumb, one of South Korea’s largest cryptocurrency exchanges, has announced the listing of a new altcoin.

According to Bithumb’s announcement, deposits and withdrawals for Space Coin (SPACE) will begin from the time of the announcement. The exchange stated that the asset can be deposited via the supported network. Bithumb also warned investors, emphasizing that transfers outside this network are not supported.

Space Coin (SPACE) will be opened for trading in the South Korean Won (KRW) pair. Investors will be able to trade the SPACE/KRW pair following the listing. Trading will begin according to the schedule specified in the announcement.

To ensure a safe trading environment, the exchange will apply various restrictions on trading during the initial minutes after listing. Accordingly, buy orders cannot be placed for the first 5 minutes after trading starts. During the same period, sell orders will not be allowed at prices more than 10% below or 100% above the opening price. Additionally, only limit order types will be available for approximately 2 hours after the start of trading.

According to CoinGecko data, SPACE surged by 13.03% following the Bithumb announcement, reaching $0.00742983.