South Korea-based cryptocurrency exchange Bithumb has announced it will list its ETHGas (GWEI) token on the Korean won (KRW) market. According to the announcement, GWEI deposits and withdrawals will begin within one hour of the announcement’s publication.
Transactions are scheduled to begin on February 26, 2026 at 2:00 PM. The reference price is set at 41.48 won, and deposits will require 33 network confirmations.
GWEI will only be supported via the Ethereum network. Transfers made through other networks will not be accepted. The exchange will implement temporary transaction restrictions for new listings to ensure investor security.
Accordingly, buy orders will be restricted for the first 5 minutes after trading begins. During the same period, sell orders that are 10% below or 100% above the reference price will not be accepted. Furthermore, only limit orders will be allowed for the first two hours.
The ETHGas project aims to reduce volatility in transaction costs and provide a more predictable structure by liquidating the block space on the Ethereum network. The platform allows users to develop hedging strategies against fluctuations in gas fees, while also aiming to enable validators to obtain more optimized block values.
The GWEI token is used within the network for functions such as governance and staking. Bithumb urged investors to review the project documentation and risk disclosures before trading.
*This is not investment advice.