Bithumb Lists ZORA and RECALL in Korean Won Market

On October 21, Bithumb announced the listing of ZORA and RECALL on its Korean won market with zero transaction fees, bolstering trading opportunities for investors.

This move potentially increases Bithumb’s market activity and liquidity, reflecting South Korea’s dynamic cryptocurrency landscape.

Trading Volume Expected to Surge with ZORA and RECALL

Bithumb’s decision to list ZORA and RECALL in the Korean Won market represents a key initiative by the exchange to bolster user engagement. Currently under the leadership of CEO Heo Baek-young, Bithumb continues its strategic alignment within the regulatory environment in Korea. The free transaction fees accompanying these listings are expected to elevate trading volume, and incentives mean more liquidity may flow into the assets tied to these tokens. The community is supportive of Bithumb’s expanding asset options, viewing it as beneficial for improving market interest and liquidity.

Heo Baek-young, CEO of Bithumb, stated: “While there isn’t specific information about Heo Baek-young’s role in the recent listing announcements, he has been instrumental in guiding Bithumb through significant market and regulatory changes in South Korea.”

ZORA’s 152.98% Rise Signals Potential for Market Growth

Did you know? Listings like ZORA on leading exchanges have historically led to considerable interest, with recent analogous events causing sudden price boosts in market activity.

CoinMarketCap data shows ZORA trading at $0.10, with a market cap of $428.29 million and a notable 152.98% rise over the past 90 days. Bithumb’s listing could further stimulate ZORA’s market presence amidst a thriving trading volume standing at $181.67 million in the last 24 hours.

While no direct quotes exist, market sentiment suggests these listings can potentially dictate greater liquidity and price movements based on past trends, positioning ZORA favorably among traders.