Bithumb, a leading cryptocurrency exchange in South Korea, has announced the addition of two new trading pairs: RAY/KRW and PONKE/KRW. This strategic move aims to cater to the growing demand for decentralized finance (DeFi) tokens and enhance the platform’s offerings.
The RAY token is the native cryptocurrency of Raydium, a decentralized exchange built on the Solana blockchain. Raydium provides fast and low-cost transactions, making it a popular choice among DeFi enthusiasts. By listing RAY/KRW, Bithumb enables South Korean investors to access Solana-based DeFi projects more conveniently.
PONKE, on the other hand, is the token of the Ponke Protocol, a liquidity aggregator for decentralized exchanges. The Ponke Protocol aims to optimize trading strategies by providing users with the best possible liquidity across various platforms. The addition of PONKE/KRW reflects Bithumb’s commitment to diversifying its token offerings and meeting the evolving needs of its user base.
Bithumb has been expanding its DeFi token listings to align with the increasing interest in decentralized finance. The exchange currently supports over 307 coins and 316 trading pairs, with a 24-hour trading volume of approximately $1.45 billion. The most active trading pair is BTC/KRW, with a 24-hour volume of $282,378,070.00.
The addition of RAY and PONKE trading pairs underscores Bithumb’s dedication to providing its users with a comprehensive range of tokens. By listing these tokens, Bithumb enhances its DeFi offerings and strengthens its position in the competitive South Korean crypto market.
South Korea has been at the forefront of cryptocurrency adoption, with many retail investors participating in trading activities. Including KRW trading pairs for RAY and PONKE allows local investors to engage with these DeFi tokens without needing currency conversion, streamlining the trading process.
The move is expected to attract more users to Bithumb, as it aligns with the preferences of South Korean investors seeking exposure to emerging DeFi projects. By offering a diverse range of tokens and trading pairs, Bithumb continues to solidify its reputation as a leading cryptocurrency exchange in the region.
