South Korea’s leading crypto exchange Bithumb has announced the listing of Wallrus (WAL) on the Korean Won (KRW) trading market.
Bithumb to List Wallrus (WAL) on KRW Market
Listing Details
- Sunday KRW Market
- Supported Network: Sui (Deposits via other networks are not supported)
- Deposit and Withdrawal Opening: March 27, 19:00
- Trading Start Time: March 27, 20:00 (subject to liquidity conditions)
- Reference Price: To be determined
- Deposit Confirmation Requirement: 20 confirmations
Trade Restrictions
To ensure a safe trading environment, Bithumb will implement the following restrictions post-launch:
- Buy Order Restriction: Buying WAL will be restricted for the first 5 minutes after trading begins.
- Sell Order Restriction: Selling WAL at prices below -10% or above +100% of the reference price will be restricted for the first 5 minutes.
- Automatic Order Activation: Automatic trading orders can only be placed after the first trade has been executed.
Deposit and Withdrawal Rules
Due to South Korea's Travel Rule regulations, WAL deposits and withdrawals will only be supported between Bithumb and other compatible virtual asset service providers (VASPs).
Deposits made from unregistered exchanges may not be credited and refunds for such cases may take longer.
Users are advised to carefully verify the deposit address and supported network before transferring funds. Transactions involving exchanges subject to Bithumb's trading restrictions may result in account limitations in accordance with the platform's terms of service.
Bithumb continues to expand its KRW marketplace offerings, providing investors with access to new blockchain projects such as Wallrus (WAL) on the Sui network.
*This is not investment advice.
