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The cryptocurrency exchange Bithumb announced the inclusion of Xai (XAI) in the KRW market. This expansion reflects Bithumb’s commitment to offering various trading options and enhancing the user experience for its customers. Here are the details about the new addition and important information for users.
Altcoin XAI Will Be Listed
Firstly, XAI trading will only be supported in the KRW market and on the Arbitrum One network. It was noted that deposits made through other networks will not be supported.
The schedule for XAI trading and transactions is as follows. Deposits will begin on June 5, 2024, at 21:30 Turkey time, and trading and withdrawal transactions can be made from 23:00 on the same day. The base price for XAI was set at 1,192 KRW, and at least 30 deposit confirmations will be required before transactions can be conducted.
Investors should be aware of the high-risk nature of cryptocurrency trading and proceed with caution. This new listing could potentially lead to partial or total loss of investments. Bithumb reserves the right to impose restrictions on deposits and withdrawals, block accounts, and request additional verification from members within a seven-day notice period. This measure aims to protect the integrity of the trading environment and safeguard users’ investments.
Warnings from Bithumb
For new investors, Bithumb implements specific order restrictions to maintain a secure trading environment. Buy orders are limited during the first five minutes after trading begins. Accordingly, sell orders are restricted to prices below -10% and above +100% of the reference price during the same initial five-minute period. Automatic orders will only be available after the first transaction is completed. Additionally, the opening price displayed on the chart on the market addition day will be the reference price instead of the first transaction price.
Regarding deposits and withdrawals, users should ensure they are trading on exchanges supported by Bithumb. Deposits, withdrawals, and trading transactions conducted through exchanges subject to Bithumb’s trading restrictions may be restricted under the platform’s Terms of Service. Following the listing announcement, XAI recorded an increase of 510. At the time of writing, the cryptocurrency XAI was trading at $0.96.
