Upbit & Bithumb Listed New Tokens; Here Are The Details

Upbit and Bithumb’s Strategic Expansion

On July 11, Upbit and Bithumb, the leading cryptocurrency exchanges in South Korea expanded their product offerings by announcing new trading pairs for different tokens. This time, Upbit supported Galxe (GAL) Korean won (KRW) trading pairs whereas Bithumb, went for the PolyMesh (POLYX) KRW market.

Wu Blockchain shared the new token listing details over X (formerly X). After the news came out, the GAL token spiked by 8.63% within a few hours whereas the POLYX boomed by 9.12%, showcasing the trust and engagement of investors over the exchanges.

Source: X

Both exchanges are actively listing a wide range of tokens in the KRW market to expand their roots in the crypto space as well as to attract more and more investors. Both the exchanges shared the listing and trading details via blog post.  

Upbit’s GAL Listing Announcement  

Upbit, South Korea's largest and most trusted exchange is all set to list GAL in the KRW market on July 11, 12:00 PM. Supported by the Ethereum network, the token will be available for deposits/withdrawals and transactions approximately 5 minutes after transaction support.

Currently, the token can be transaction over the Ethereum network and market price and pre-order restrictions will be restricted for approximately 1 hour after transaction support. GAL, the native token for the world's leading Web3 credential data network was trading at $2.57, after 8.63% in a day with $303,745,583 in market cap and $124,225,160 in trading volume.  

Apart from this, Upbit also listed the Ethereum Name Service (ENS) coin on July 9 which resulted in a price surge of 20%. Furthermore, Bithumb’s announcement for the POLYX token listing also surged the token price from $0.2375 on July 10 to $0.2595 at the press time with $222,713,403 in market cap and $55,245,770 in 24-hour volume.    

Bithumb’s POLYX Listing Details 

Supporting the Won market and PolyMesh, the new token will be available for the transaction on July 11. Individuals can begin deposit and withdrawal by 03:00 PM and trading will begin by 05:00 PM.

The token will be offered at the base price of 333 Won with over 6 deposit confirmations. Individuals can begin buying and selling for 5 minutes after the start of trading. Moreover, the exchange launched Brett (BRETT) and Taiko (TAIKO) Korean won the market on July 9.  

Conclusion

The recent listings of GAL and POLYX tokens on South Korea's leading cryptocurrency exchanges, Upbit and Bithumb, reflect a growing trend of diversification in the crypto market. The immediate positive market response, with significant price surges for both tokens, underscores investor confidence in these platforms and their ability to influence the cryptocurrency landscape.