Bithumb, South Korea’s top cryptocurrency platform, has recently added Cat in a Dog’s World (MEW) to its KRW market, presenting users with fresh trading opportunities and broadening its already diverse cryptocurrency selection. As a result of this move, the price of MEW surged by 25%, as illustrated in the graph provided.
Details of the MEW Listing
MEW will be tradable on the Wonhwa Market using the Solana network solely for deposits. Bithumb has reminded users that deposits made through other networks will not be supported. The deposit window is scheduled to open on June 7, 2024, at 15:30, with trading and withdrawals commencing at 18:00 on the same day. The reference price for MEW is established at 6,053 KRW, requiring 20 deposit confirmations.
Investors are cautioned about the risks associated with cryptocurrency trading, as there is a potential for significant losses and the complete loss of invested funds. Additionally, within seven days of this announcement, Bithumb reserves the right to impose restrictions on deposits and withdrawals, freeze accounts, and request additional verification from members to ensure security and compliance.
Order Restriction Reminders
To maintain a secure trading environment, Bithumb has implemented specific order restrictions for new investors. Buy orders will be limited for the first five minutes after trading starts, while sell orders will have a range of -10% to +100% of the reference price during this period. Automated orders will only be permitted after the initial execution following the start of trading.
In terms of deposits and withdrawals, users must adhere to specific guidelines to prevent any issues. Bithumb supports transactions exclusively through cryptocurrency providers compatible with its platform, as outlined in the Travelpool application. This means that deposits and withdrawals must be conducted through exchanges supported by Bithumb to ensure seamless transactions.
Users are advised to exercise caution when depositing crypto assets, as only specified types of crypto assets can be processed in the event of incorrect deposits. Before making any deposit, users should verify the asset’s address system and network connection displayed on the deposit screen to avoid errors.
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Disclaimer: The information presented in this article should not be considered as investment advice. Investors should be mindful of the high volatility and associated risks of cryptocurrencies and conduct their own research.
