Bithumb Adds Civic (CVC) and HUNT Tokens to Korean Won Trading Market
Bithumb, a leading virtual asset platform, has recently announced the addition of Civic (CVC) and HUNT tokens to its Korean Won trading market. This strategic move by South Korea’s top virtual asset exchange demonstrates a response to the increasing demand for diverse cryptocurrencies and the growing importance of blockchain technology in digital identity verification and decentralized applications.
Understanding Civic (CVC) and HUNT Tokens
Civic (CVC) operates on the Ethereum network and provides a blockchain-based solution for secure and low-cost digital identity verification. As the ecosystem’s utility token, CVC plays a crucial role in facilitating transactions and rewarding participants within the platform.
On the other hand, HUNT is a token that serves a platform designed for Web3 users to share development resources and utilize useful tools. This community-centric approach encourages collaboration and growth in the decentralized application space, with HUNT serving as the utility token for transaction fees and other services.
Investment and Trading Notices
Bithumb emphasizes the importance of caution when investing in virtual assets, as they are considered high-risk products with the potential for partial or total loss of investment capital. New traders may face restrictions on deposits and withdrawals, account blocking, and additional verification processes to ensure security and compliance.
Trading Restrictions for New Listings
To maintain a safe trading environment, Bithumb has imposed specific restrictions for new listings. For the first five minutes after trading begins, buy orders will be limited, and sell orders are restricted to within 10% below or 100% above the reference price. Automated orders will only become available after the first trade execution.
Compliance with Travel Rule
In adherence to the Travel Rule, Bithumb supports deposits and withdrawals only with other recognized virtual asset service providers. Users are advised to adhere to designated trade restrictions to avoid account limitations as per the terms of service.
Deposit and Withdrawal Precautions
Bithumb reminds users to carefully check the address format and network type on the deposit screen to prevent mishandling of virtual assets. They also provide guidance on their policy for handling incorrectly deposited assets.
Conclusion
The addition of CVC and HUNT tokens to the Bithumb platform showcases the exchange’s commitment to offering a diverse range of virtual assets to its users, meeting the evolving interests and needs of the crypto community. As the demand for blockchain-based services continues to grow, Bithumb remains a leader in the virtual asset exchange space.
