The cryptocurrency market is buzzing with activity following several new altcoin listings and trading features. Bithumb, South Korea’s second-largest crypto exchange, announced that it will list UXLINK and Solana Name Service (FIDA) for trading in the Korean Won (KRW) market. Meanwhile, global exchange OKX introduced perpetual futures and margin trading for POL, triggering significant price increases for the respective altcoins.
Bithumb Adds UXLINK and FIDA to Korean Won Market
Bithumb’s announcement has sent ripples across the market. UXLINK and FIDA have now been added to the exchange’s Korean Won (KRW) trading pairs. UXLINK operates on the Arbitrum One network, while FIDA is supported on the Solana network. Deposits from other networks are not supported. Following this announcement, both altcoins experienced sharp price increases.
UXLINK surged by 33.29%, reaching $0.7164, while FIDA saw a rise of 28.05%, pushing its price to $0.3722. These jumps reflect the strong market response to Bithumb’s listings and the growing investor interest in these altcoins.
OKX Introduces New Trading Features for POL
After Bithumb’s move, OKX followed up with its own significant announcement. The exchange introduced USDT-margined perpetual futures and margin trading for the POL cryptocurrency, as well as the Simple Earn feature. These new trading options will be available starting on September 24, 2024.
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According to OKX, margin trading for the POL/USDT pair will allow investors to take on more risk and potentially earn greater rewards. Meanwhile, Simple Earn offers users a passive way to earn interest on their cryptocurrency holdings. Additionally, OKX will temporarily cap funding fees at 0.03% for perpetual futures until 7:00 PM on September 24, 2024, after which they will return to the standard 1.50%.
Notable Listings: Notcoin, Phil, and Moonwell
Apart from the major announcements by Bithumb and OKX, other altcoins have also been listed across various platforms. Notcoin (NOT) was listed on LCX, while Phil (PHIL) began trading on BitMart against USDT. Moonwell (WELL) was also listed on Coinbase, drawing significant attention from investors. These listings are expected to boost liquidity and may lead to price increases for the respective tokens.
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