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Bithumb, South Korea's second largest cryptocurrency exchange, announced the launch of the ICP/KRW trading market. The new trading pair will go live on June 12, 2024 at 20:00.
Bithumb to Launch ICP/KRW Trading Market Amid Regulatory Changes
The move is part of a broader trend among South Korean exchanges to accelerate the listing of new coins in response to upcoming regulatory changes.
New cryptocurrency regulations set to come into effect in July have prompted exchanges to expand their offerings and comply with enhanced regulatory standards.
The launch of the ICP/KRW trading pair will provide users with more options and facilitate greater liquidity in the market.
Bithumb's decision underscores its commitment to staying ahead of regulatory developments while continuing to provide a variety of trading opportunities for its users.
As South Korea prepares for these new regulations, exchanges like Bithumb are taking proactive steps to ensure compliance and improve their trading environments.
This strategic move aims to attract more investors and strengthen the exchange's position in the competitive South Korean cryptocurrency market.
*This is not investment advice.