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South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb, have announced new altcoin listings. The exchanges are targeting three altcoins: Ethereum Name Service (ENS), Base (BASE), and Taiko (TAIKO).
New Listing Announcements from Upbit and Bithumb
Upbit exchange announced that it has opened a new trading market for ENS in the South Korean won pair. This move aims to provide South Korean investors easier access to Ethereum Name Service, a decentralized naming system on the Ethereum Blockchain. For those unfamiliar, Ethereum Name Service allows users to purchase human-readable names like “omergin.eth,” which can then be linked to various identifiers, including wallet addresses, content hashes, and metadata.
The addition of ENS to Upbit’s trading platform marks a significant step in making decentralized technologies more accessible to the general public. By enabling transactions in South Korean won, Upbit has lowered the entry barrier for many investors who may not be familiar with other trading pairs. This local currency support is expected to attract more users to the Ethereum Name Service ecosystem, promoting its growth and integration into the broader cryptocurrency market in South Korea.
In addition to Upbit’s announcement, another major South Korean cryptocurrency exchange, Bithumb, has revealed plans to list two new cryptocurrencies: BASE and TAIKO. These listings are part of Bithumb’s efforts to expand its offerings and provide its users with a wide range of investment options. Both BASE and TAIKO are gaining interest in the market, and their inclusion in Bithumb is expected to further increase their visibility and adoption.
Growing Interest in the Cryptocurrency Market in South Korea
These recent altcoin listing announcements from Upbit and Bithumb are seen as a result of increasing interest and activity in the cryptocurrency market in South Korea. Major exchanges typically tend to make new listings during such periods.
Cryptocurrency exchanges are trying to meet the growing demand for diverse investment options among investors in the country by offering new trading pairs for new altcoins and especially listing new and emerging altcoins.
