Bitcoin Exchange Bithumb Announces It Will List This Altcoin on Its Spot Trading Platform! Here Are the Details

South Korea-based cryptocurrency exchange Bithumb has announced it will list the Phala Network ($PHA) token against the Korean Won (KRW). According to the official announcement, deposits and withdrawals for $PHA will be available within two hours of the announcement.

The exchange announced that transactions will only be supported via the Ethereum network, and transfers from other networks will not be accepted. $PHA transactions are scheduled to begin on Friday, March 20, 2026, at 3:00 PM, with a reference price of 48.24 KRW. It was also stated that 33 block confirmations are required for deposited assets to be credited to the account.

Phala Network stands out as a project aiming to provide a decentralized cloud computing infrastructure using hardware-based security technologies. The project specifically targets the protection of sensitive data by integrating artificial intelligence and blockchain technology. The $PHA token is used within the network for governance, staking, and reward mechanisms.

Bithumb will also implement some trading restrictions to ensure investor security as part of the new listing. Accordingly, buy orders will be limited for the first 5 minutes after trading begins. During the same period, sell orders will not be allowed at levels 10% below and 100% above the reference price. In addition, only limit orders will be valid for approximately the first two hours.

The exchange reminded investors that crypto assets involve high risk and emphasized that they should conduct necessary research before trading.

*This is not investment advice.