Bithumb, South Korea’s second-largest cryptocurrency exchange, has announced it will list the Centrifuge (CFG) token and support the Korean won (KRW) trading pair.
Under the new listing, Centrifuge (CFG) can be bought and sold directly against the South Korean won. This step is seen as a development that will both facilitate access to CFG for local investors and increase the token’s liquidity in the Asian market.
Centrifuge is known as a decentralized finance (DeFi) protocol that aims to tokenize real-world assets (RWA) on the blockchain. The platform specifically aims to bridge the gap between traditional finance and blockchain-based financial applications. The CFG token is used in network governance and incentive mechanisms.
Bithumb’s support for the KRW trading pair represents a significant advantage in the South Korean market. In the country, pairs that can be traded in the local currency offer investors lower costs and faster transaction speeds. Therefore, KRW-based listings can often lead to short-term price volatility in the associated token.
Experts say Centrifuge could attract attention in the South Korean market, particularly due to the growing global interest in tokenization of real-world assets. How trading volume and investor interest will develop after the listing will be closely monitored.
*This is not investment advice.