KEY TAKEAWAYS
- Metis has been officially listed on Bithumb, enhancing its presence in the South Korean cryptocurrency market.
- This listing allows Metis to be traded in the KRW market, increasing accessibility and liquidity for Korean users.
- The listing supports transactions through the Ethereum network, with specific trading restrictions to ensure market stability.
- Metis aims to attract more users and developers in the APAC region by offering innovative blockchain solutions.
Metis has made a significant advancement in its strategy to broaden its presence in the Asia-Pacific (APAC) region, particularly in South Korea. As of November 21, 2024, Metis has been officially listed on Bithumb, one of South Korea’s largest cryptocurrency exchanges, and is now available for trading in the KRW market.
A Major Milestone for Metis in South Korea
This listing represents a pivotal moment for Metis as it strengthens its position in one of the world’s fastest-growing cryptocurrency markets. South Korea has long been a hub for crypto innovation, and gaining access to Bithumb’s platform opens new opportunities for the Metis ecosystem to expand and attract more users and developers in the region.
With this development, Metis becomes substantially more accessible to Korean users and investors. As Bithumb supports trading in the KRW market, users can now easily exchange METIS for Korean Won. This move is expected to bring significantly more liquidity to the Metis network within South Korea.
Key Details of the Bithumb Listing
The listing on Bithumb includes several key details. Deposits and withdrawals are supported through the Ethereum network, with other networks not yet available for these transactions. The reference price for METIS is set at 59,050 KRW. Trading restrictions include a limitation on buy orders for the first five minutes after transactions begin, and sell orders below -10% or above +100% of the reference price are restricted for the same initial period. Automatic orders will only be available after the first transaction is completed.
Bithumb also emphasizes that deposits and withdrawals are supported only through exchanges designated by Bithumb as part of Travel Rule compliance, ensuring secure and regulatory-compliant exchanges.
The Future of Metis in South Korea
South Korea has been a major player in the cryptocurrency sector, with a tech-savvy population and a regulatory environment that encourages blockchain innovation. By listing on Bithumb, Metis establishes a notable presence in the Korean market, which is home to some of the most enthusiastic and engaged crypto communities globally.
Metis’s expansion into South Korea is part of a larger strategic effort to attract more users from the APAC region by providing decentralized applications (dApps) and innovative blockchain solutions to growing markets in Asia. With the new listing, Metis is poised to attract more developers, users, and investors interested in exploring the benefits of Metis Layer 2, which includes faster, cheaper transactions and a more scalable infrastructure for dApp development.
As Metis continues to expand its reach in South Korea and beyond, the community can expect further developments, partnerships, and initiatives that will elevate Metis as a leader in the blockchain space. For more information, visit the official announcement here.
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
