Bithumb Launches Ethena (ENA) Trading in KRW Market with Airdrop
Bithumb has added Ethena (ENA) to its trading platform, starting today. The token is available for trading exclusively in the South Korean Won (KRW) market.
- Deposits and withdrawals are permitted only through the Ethereum network.
- Trading began at 6:00 PM KST on February 25, 2025, with a starting price of 536 KRW.
- An airdrop event rewards users who trade ENA for two consecutive days with additional tokens.
- Restrictions include no buy orders during the first five minutes and sell orders limited within 10% below or 100% above the base price.
- Transactions are processed only through approved exchanges to prevent money laundering.
- The price of ENA has decreased by over 6% in the last 24 hours, despite a trading volume increase of more than 100% in the same period.
Ethena’s Growth and Recent Funding
- Ethena operates as a synthetic dollar protocol on the Ethereum blockchain, supporting the synthetic asset USDe.
- Users can create USDe by providing collateral and earn rewards through staking and funding fees from short selling.
- The ENA token allows holders to participate in governance and earn rewards through staking.
- It ranked among the top 15 protocols for fee growth, with a 183% increase generating $128 million over 90 days.
- Ethena raised $100 million in a private sale to support the development of its institutional product, iUSDe, and ecosystem expansion.