Bithumb to List BounceBit and SKALE Trading Pairs on November 27
Bithumb, a leading digital asset trading platform in South Korea, has announced the listing of Korean won trading pairs for BounceBit #BB and SKALE #SKL. This development has resulted in significant gains for these cryptocurrencies amid a stagnant market.
According to the announcement, the trading pairs for BB and SKL will go live on November 27 at 20:00 local time. The increased exposure has led to a surge in trading volume for these tokens over the past 24 hours. Holders can transfer their assets exclusively via the BounceBit and SKALE blockchain networks.
Buy orders will be limited to five minutes post-launch, and sell orders are capped at 5% after trading begins. Bithumb has shifted its focus towards altcoin exposure, previously listing Ethereum Layer 2 protocol Taiko #TAIKO and meme coin Brett #BRETT in June 2024, along with Internet Computer #ICP earlier this year.
In competition, Upbit has also increased its altcoin listings, introducing Drift #DRIFT, Safe #SAFE, and Uniswap #UNI. Upbit currently ranks fifth among cryptocurrency exchanges with a trading volume of $8.94 billion over the past 24 hours, while Bithumb ranks 18th with a volume of $2.1 billion. Other competitors include Gopax, Coinone, Korbit, Binance, and Huobi.
BounceBit and SKALE Price Surge
BounceBit and SKALE have experienced substantial gains recently, with BB increasing by 19.04% and SKL by 9.70%. Their market caps are $183.96 million and $349.58 million, respectively. SKL's trading volume rose by 55.17% to $90.15 million, whereas BB's trading volume surged by 124% to $161.79 million.
As of now, SKL trades at $0.06318, marking a 33.15% increase over the past week and a 78.64% rise in the last month. Despite this growth, it remains down 94.85% from its all-time high of $1.22 in March 2021.
BB is priced at $0.3872, showing a 31.66% increase in the past week and a 39.33% rise over the last 30 days. It has also seen a 33.39% increase since November 2023.