#Bithumb

[img0023]

Elysia-related stocks that are popular on Bithumb ‌A few days ago, Elysia was 200% upset ... https://en.imgtag.co.kr/issue/730783/?feed_id=1956241&_unique_id=676124dad3de4

[timesofinnovation]

Bithumb, one of South Korea's premier cryptocurrency exchanges, is charting its course towards an initial public offering (IPO) on the Nasdaq stock exchange, targeting a listing in the latter half of 2025. This ambitious announcement was made during a recent shareholders' meeting, emphasizing the company's determination to become a publicly traded entity with Samsung Securities acting as its lead underwriter. The decision to pursue a Nasdaq listing is particularly strategic given the exchange's previous experience seeking a Kosdaq listing in 2020, which was ultimately abandoned due to regulatory uncertainties. The move to the U.S. market could provide a more favorable regulatory environment, particularly after observing the success of other cryptocurrency platforms like Coinbase, which has already made its mark on Nasdaq. Strategic Restructuring: The 60:40 Share Split Bithumb is not taking this IPO lightly; in fact, it has engineered a significant restructuring by implementing a 60:40 corporate share split. This strategic maneuver is designed to enable the exchange to sharpen its focus on core business operations. By spinning off non-essential activities, which include investments and real estate leasing, Bithumb aims to streamline its operations. The newly formed entity is set to operate under the names Bithumb Korea or Bithumb Investment, thereby allowing the main exchange to concentrate on its primary mission: facilitating cryptocurrency trading. The rationale behind this restructuring is grounded in the pressing need for Bithumb to bolster its IPO prospects amidst challenging financial circumstances. In the last fiscal year, the company reported an operating loss of $11 million, compounded by a sharp decline in revenue. These sobering figures highlight the urgency of the strategic realignment as the company braces for a competitive public market. Regulatory Landscape and Future Growth Prospects The South Korean cryptocurrency regulatory environment has proven to be stringent, a barrier that has thwarted other exchanges as well. Bithumb's pursuit of a U.S. listing reflects its desire for a regulatory climate that is not only more accommodating but also offers greater growth opportunities. As the global ambition of the crypto market continues to expand, many exchanges are actively seeking public offering venues that promise both liquidity and trust. The shift towards Nasdaq is indicative of a broader trend where cryptocurrencies are moving from fringes to the mainstream financial ecosystem. Bithumb envisions that listing on one of the world’s foremost stock exchanges could elevate its brand visibility, attract institutional investors, and provide it with the capital needed for expansion. A Portfolio Built for the Future While past financial struggles have created hurdles for Bithumb, the company remains optimistic about its prospects. This optimism is fueled by several factors, including the growing acceptance of cryptocurrencies worldwide and an increasing number of institutional investors entering the market. Furthermore, as decentralized finance (DeFi) projects and non-fungible tokens (NFTs) gain traction, Bithumb is positioned uniquely to leverage its established market presence and technological infrastructure. The pivot towards a Nasdaq listing is more than a simple financial strategy; it reflects Bithumb's commitment to redefining its role in the global cryptocurrency market and reinforcing its competitive stance. The company's proactive measures, including the establishment of the spinoff entity and the focus on core business, will play critical roles in its road to recovery and public market entry. Conclusion Bithumb's plan to list on Nasdaq by 2025 signifies a major step for the company and the South Korean cryptocurrency landscape at large. As the market continues to evolve, maintaining regulatory compliance and financial health will be paramount. If successful, this IPO could not only revitalize Bithumb but also serve as a benchmark for other exchanges contemplating similar trajectories.

The journey ahead will undoubtedly be challenging, filled with regulatory scrutiny and operational hurdles. However, with a strategic plan in place and a resilient mindset, Bithumb's vision of conspicuous public trading may soon come to fruition.

[36crypto]

Bithumb Korea Secures Legal Victory in Tax Dispute, Setting Precedent for Virtual Assets Classification

The new South Korea-based cryptocurrency exchange, Bithumb Korea, recently obtained major legal success against the country’s taxation department. The Seoul High Court also minimally contributed to the digital asset industry by confirming that Bithumb’s virtual assets cannot be categorized as inventories. It is also perceived as a highly strategic move, given the stiff regulatory measures that…

[gocnhindautu]

30% Người Hàn Quốc Đang Đầu Tư Tiền Điện Tử

Số liệu thống kê mới đây cho thấy hơn 30% dân số Hàn Quốc đã tham gia vào lĩnh vực đầu tư tiền điện tử. Trong tháng 11, số người dùng tiền điện tử tại quốc gia này đã tăng thêm 610.000, đưa tổng số nhà đầu tư lên 15,6 triệu người. Những con số này được thu thập từ năm sàn giao dịch lớn nhất tại Hàn Quốc, bao gồm Upbit, Bithumb, Coinone, Korbit và Gopax. Quy định mới bảo vệ tài sản tiền điện…

[dietplanssite]

More than 30% of the South Korean population invests in cryptocurrencies

The number of digital asset investors in South Korea increased significantly towards the end of 2024. For the first time, South Korea has collected detailed statistics from the five major cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax). This development may prompt the government to create a safe trading environment, protect investors’ rights, and ensure market…

[quantarai]

Over 30% of Population Joins Top Exchanges

By the end of November, over 15.59 million South Koreans held accounts on the nation’s top five crypto exchanges—Upbit, Bithumb, Coinone, Korbit, and GOPAX. This remarkable growth aligns with increased market activity sparked by U.S. President-elect Donald Trump’s pro-crypto policy statements. A report by the Bank of Korea, created under the Virtual Asset User Protection Act, reveals that over…

[yunakimbtc12]

My job: 

Blockchain Writer, Upbit Insights (2020–2024)

Crypto Market Analyst, Bithumb Blog (2018–2020)

Financial Consultant, Seoul FinTech Group (2015–2018) 

Now I'm work in Coincu media. With a background in fintech and a passion for blockchain technology, I have spent the past five years creating insightful content on cryptocurrencies for leading platforms. I specialize in market analysis, trading strategies, and DeFi trends. At Coincu.com, I aim to educate and engage crypto enthusiasts through in-depth articles and expert insights.

I was born in Korea. Bachelor’s in Finance, Seoul National University - My school. 

[coinmapai]

How to buy BORA coins

 BORA coin is a digital currency based on blockchain technology, issued and managed by the BORA Foundation in South Korea. Here are the steps to buy BORA coin:

1. Choose a trading platform:

Currently, BORA coin has been listed on some well-known cryptocurrency exchanges, such as Bithumb, the largest exchange in South Korea, as well as local Korean exchanges such as Upbit, Gopax, Coinone, and global exchanges such as Binance, Huobi, and OKEx.

When choosing a trading platform, priority should be given to the platform's security, reputation, user reviews and feedback, and whether it supports BORA coin transactions.

2. Register and create an account:

Register an account on the selected trading platform and fill in relevant information and identity verification as required by the platform.

After registration, log in to the account and familiarize yourself with the platform's operating interface and functions.

3. Top up funds:

Transfer fiat currency (such as US dollars, RMB, etc.) or other cryptocurrencies (such as Bitcoin, Ethereum, etc.) to your exchange account.

The top-up method may vary from platform to platform and can be done through bank transfer, credit card payment, third-party payment platform, etc.

4. Find BORA coin trading pairs:

Search for BORA coin trading pairs on the trading platform, that is, the trading combination of BORA coin and other digital currencies or legal currencies.

Select a trading pair you are familiar with and check its market information such as price and trading volume.

5. Place an order to buy:

According to the market price and your purchase needs, enter the purchase quantity, price, order type and other information.

After confirming that the order information is correct, submit the order and wait for the transaction to match.

6. Confirm the transaction:

After the transaction is matched successfully, the platform will notify you that the transaction is completed.

You can check your account balance to confirm that the BORA coin has arrived.

7. Store and manage BORA coins:

You can choose to store the purchased BORA coins in the exchange account, but for security reasons, it is recommended to transfer them to your own cryptocurrency wallet.

When choosing a wallet, you should choose a wallet that supports BORA coins and understand the security and usage of the wallet.

It should be noted that the cryptocurrency market is highly risky and the price fluctuates greatly. Before purchasing BORA coins, it is recommended to fully understand the market dynamics and risk factors and make decisions carefully. At the same time, choosing a formal and reliable trading platform for trading is also an important measure to ensure the safety of funds.

How to buy BORA

[thesocialchronicles]

South Korean crypto exchange Bithumb adds the Truth Terminal meme coin, Goatseus Maximus, to its listings. Trading support for GOAT and Korean won pairs begin on Dec. 17 at 04:00 UTC. In a recent notice, Bithumb announced that Goatseus Maximus (GOAT) will be added to the exchange’s Korean won market starting from Dec. 17 at 04:00 UTC. Deposit and withdrawal for the viral Solana-based meme coin start two hours after the notice was posted. While buying and selling orders are restricted within the first five minutes of trading. Previously, GOAT made its debut on the major crypto exchange OKX on Dec. 12. The token saw a rise in value by 30% after listing on the exchange. However, the same cannot be said about the meme coin’s Bithumb listing. Shortly after the notice was released, the token went up only slightly by nearly 4% before dropping by 1.16% a few hours later. In fact, the meme coin has been going downhill by 0.9% in the past 24 hours of trading. This seemingly contradicts the general consensus, as most tokens experience a boost in value after major crypto exchanges announce their listings. In Goatseus Maximus case, the token has barely moved by much since Bithumb’s listing. Price chart for GOAT in the past 24 hours of trading, December 17, 2024 | Source: DEX Screener In the past week, GOAT has gone up by 22% according to data from crypto.news. Meanwhile, in the past month, the token went down nearly 42%. Most recently, GOAT was dethroned from the second rank among AI meme coins by FARTCOIN when its market cap slipped under the $700 million mark. At the time of writing, GOAT’s market cap has been restored to $709 million with a 24-hour trading volume of $452 million. In the Bithumb notice, the exchange informed users that GOAT will be offered at a base price of 976 won or equal to $0.67. According to data from crypto.news, GOAT is currently trading hands at $0.71. The Goatseus Maximus meme coin originated from a viral meme called Goatse. It was then promoted by an AI chatbot called Truth Terminal. It did not take long before the GOAT token was created on pump.fun, gaining a market cap of million shortly after its launch. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 2024-12-17 09:38:11 https://crypto.news/app/uploads/2024/11/crypto-news-South-Korea-virtual-asset-option03.webp

[blockinsider]

Bithumb and Upbit Listing Propels MOCA to Soar by a Whopping 370%

Key Points

Mocaverse’s primary token, Moca coin (MOCA), saw a 370% surge in value following its listing on South Korean crypto exchanges Bithumb and Upbit.

Despite the initial surge, the coin is now on a cooldown path, mirroring the broader digital asset space.

Moca coin (MOCA), the main token of the blockchain ecosystem Mocaverse, developed by Animoca Brands, experienced a significant increase in value, soaring by up to 370% in a single day. However, it is now experiencing a cooldown, similar to the overall trend in the digital asset market, which also turned green with Bitcoin hitting a new all-time high at the $106,000 price level.

The surge in MOCA’s value can be attributed to the listing of Korean won trading pairs on leading South Korean cryptocurrency exchanges, Upbit and Bithumb. Such listing events are typically bullish for altcoins as they open up to a wider investor base. However, it’s worth noting that some listings have resulted in significant price drops as early investors use the event as an exit strategy.

Listing Details and Reactions

Upbit has confirmed that its users will be able to trade MOCA in KRW, BTC, and USDT pairs, with trading commencing at 14:00 KST on December 16th. However, it’s important to note that MOCA deposits and withdrawals via networks other than Ethereum will not be supported, according to the listing announcement.

Similarly, Bithumb has also announced that its customers can trade MOCA with a listing base price of 136 won. Both exchanges have renamed the token to Mocabus to align with the regional market.

Following these announcements, Animoca Brands’ co-founder Yat Siu expressed his gratitude to Upbit and Bithumb for their proactive measures, which allow their customers to gain exposure to the Web3 space. He believes that the tech-savvy and pro-crypto South Korean community will help expand MOCA’s presence throughout the country.

MOCA Price Analysis

As of writing, MOCA is trading at $0.2224, having increased by 154.74% in the past 24 hours and reaching a daily high at $0.4261. This peak represents a new all-time high for the altcoin, which had earlier rebounded from a daily low of $0.08642. CoinMarketCap data shows that the digital asset has a market cap of $344.33 million and a massive trading volume of $1.21 billion.

The Relative Strength Index (RSI) for MOCA’s price trajectory is currently at 85.63, indicating that the altcoin is overbought. This suggests that a price correction may be imminent. However, the upward trend of the RSI line also suggests the possibility of higher prices.

The MACD indicator in the daily chart confirms that MOCA just witnessed a bullish divergence with the MACD line (blue) breaking above the signal line (red), resulting in a bullish histogram. It’s worth noting that skyrocketing prices might reach their peak once buyers start taking profits, so all positions should be opened with caution.

[cryptonewsssss]

Major crypto exchanges Binance, Upbit and Bithumb will launch trading support for Magic Eden, the Solana-based native token for the NFT market place of the same name. The token is set to be listed on Dec. 10. In a recent notice, Binance announced that it will list Magic Eden’s native token ME on its exchange. Trading support and withdrawals for ME will open on Dec. 10 at 15:00 UTC. Binance will provide trading support for the following trading pairs: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY. Users will be able to start depositing ME in preparation for the launch. However, due to the higher than normal risk posed by Magic Eden’s relatively new token status, Binance informed users that it will be adding a seed tag to ME. This means that users will need to take a quiz about the Binance Spot and Binance Margin platforms and accept the crypto exchange’s terms of use every 90 days to gain trading access to ME. Aside from Binance, South Korean crypto exchanges Upbit and Bithumb also announced plans to list the NFT marketplace token on Dec. 10 simultaneously at 14:00 UTC. Upbit will provide trading support for Magic Eden trading pairs with Korean won, Bitcoin (BTC) and Tether (USDT). Deposit and withdrawal for the token will begin on Dec. 10 at 14:00 UTC. However, the exchange stated that transaction support time will be announced at a later time. The token will be available for deposits and withdrawal through the Solana (SOL) network and can only be done through a personal wallet address which has completed the ownership verification process. According to Upbit’s notice, if the deposit is made through a linked personal wallet, a deposit return may need to be processed depending on the network of the asset. On the other hand, Bithumb is launching the ME token alongside the Ethereum-based Synfutures governance token, F. Based on information in the announcement, Bithumb will only support trading for ME and Korean won trading pairs with a base price of 2,286 won or equal to $1.59. Similar to Upbit, Bithumb is still unable to provide a start time for open trading. It says the time will be announced “when liquidity is secured.” Magic Eden is a multi-chain marketplace launched in September 2021 on the Solana blockchain. As previously reported by crypto.news, the platform contributed to most of the daily NFT sales volume on Solana, capturing a 31.7% share. However, a decline in Solana NFTs saw its market share drop to 3.4% in 2023. The token is meant to be used for governance, staking, and user rewards within the Magic Eden platform. The NFT marketplace announced the launch of its ME token on an X post. Users can claim ME tokens using the platform wallet Emmy by checking their eligibility on the Magic Eden mobile app.

[tenders4you]

Major crypto exchanges Binance, Upbit and Bithumb will launch trading support for Magic Eden, the Solana-based native token for the NFT market place of the same name. The token is set to be listed on Dec. 10. In a recent notice, Binance announced that it will list Magic Eden’s native token ME on its exchange. Trading support and withdrawals for ME will open on Dec. 10 at 15:00 UTC. Binance will provide trading support for the following trading pairs: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY. Users will be able to start depositing ME in preparation for the launch. However, due to the higher than normal risk posed by Magic Eden’s relatively new token status, Binance informed users that it will be adding a seed tag to ME. This means that users will need to take a quiz about the Binance Spot and Binance Margin platforms and accept the crypto exchange’s terms of use every 90 days to gain trading access to ME. Aside from Binance, South Korean crypto exchanges Upbit and Bithumb also announced plans to list the NFT marketplace token on Dec. 10 simultaneously at 14:00 UTC. Upbit will provide trading support for Magic Eden trading pairs with Korean won, Bitcoin (BTC) and Tether (USDT). Deposit and withdrawal for the token will begin on Dec. 10 at 14:00 UTC. However, the exchange stated that transaction support time will be announced at a later time. The token will be available for deposits and withdrawal through the Solana (SOL) network and can only be done through a personal wallet address which has completed the ownership verification process. According to Upbit’s notice, if the deposit is made through a linked personal wallet, a deposit return may need to be processed depending on the network of the asset. On the other hand, Bithumb is launching the ME token alongside the Ethereum-based Synfutures governance token, F. Based on information in the announcement, Bithumb will only support trading for ME and Korean won trading pairs with a base price of 2,286 won or equal to $1.59. Similar to Upbit, Bithumb is still unable to provide a start time for open trading. It says the time will be announced “when liquidity is secured.” Magic Eden is a multi-chain marketplace launched in September 2021 on the Solana blockchain. As previously reported by crypto.news, the platform contributed to most of the daily NFT sales volume on Solana, capturing a 31.7% share. However, a decline in Solana NFTs saw its market share drop to 3.4% in 2023. The token is meant to be used for governance, staking, and user rewards within the Magic Eden platform. The NFT marketplace announced the launch of its ME token on an X post. Users can claim ME tokens using the platform wallet Emmy by checking their eligibility on the Magic Eden mobile app.

[tumnikkeimatome]

ピクセルカンパニーズ（2743）韓国最大級の仮想通貨取引所Bithumbを傘下に持つVIDENTE社とデータセンター事業販売で業務提携、韓国市場攻略へ強固な基盤を確保

業務提携の戦略的意義と提携先の実力 ピクセルカンパニーズは、韓国の有力企業VIDENTE社とデータセンター事業販売における業務提携契約を締結しました。 VIDENTE社は韓国最大級の仮想通貨取引所Bithumbを傘下に持つテクノロジー企業で、韓国国内で強固な事業基盤とブランド力を有しています。 VIDENTE社の事業展開 VIDENTE社は韓国のフィンテック分野を牽引する企業として知られ、Bithumb以外にもブロックチェーン技術やデジタル資産関連の事業を幅広く展開しています。 特にBithumbは韓国国内の仮想通貨取引高シェアで上位に位置し、24時間取引高は1000億円規模に達する大手取引所です。 業務提携の具体的内容 今回の業務提携では、ピクセルカンパニーズが持つ最先端のGPUクラウド技術とVIDENTE社の韓国市場における販売網を組み合わせ、韓国国内でのデータセンター事業の展開を加…

[jayboggiecrypt]

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