South Korea’s leading cryptocurrency exchange, Bithumb, is set to list Thena (THE) in its Korean Won (KRW) market, leading Thena to a surge.
Bithumb Lists Thena ($THE)
According to the announcement, Thena trading on Bithumb will start at 4:00 PM on February 14, 2025.
???? New Listing
???? 테나(#THE) 원화 마켓 추가 안내
???? $THE/KRW will be listed on #bithumb!???? Details : https://t.co/luvCvozjKH #bithumb #THE @ThenaFi_ pic.twitter.com/WyORrgVqjs
— Bithumb (@BithumbOfficial) February 14, 2025
Deposits and withdrawals will start within three hours from the posting of the notice. The exchange will only support transactions through the BNB Smart Chain, meaning deposits from other networks will not be accepted. The base price for Thena (THE) has been set at 1,019 KRW, and the required number of deposit confirmations is 15.
Bithumb will impose temporary restrictions when trading begins to ensure a secure trading environment. As per the official statement, for the first five minutes, buying orders will not be allowed. Selling orders will also be restricted if the price falls below -10% or rises above +100% of the standard price during this period. Additionally, automated orders such as stop-loss or take-profit will only be activated after the first trade occurs.
In order to provide a safe trading environment, some transaction restrictions for the initial trading phase have been issued by the exchange. This includes: buying orders are restricted for the first 5 minutes after trading begins, selling orders will be restricted for 5 minutes after the start of trading if the price is less than -10% or more than +100% of the standard price. Lastly, automated orders will only be possible after the first transaction occurs.
Bithumb Listing Effect: Thena ($THE) Surges
Following the listing announcement on Bithumb, Thena’s native token, THE, surged by over 20% in the short term, reaching a high of $0.80. However, THE is currently trading at $0.7659 after experiencing a 2.9% dip in the past 24 hours.
The 24-hour trading volume for THE has increased by more than 36%, currently standing at $198.47 million. Thena, an innovative decentralized exchange (DEX) and liquidity layer built on the BNB Chain, has a market capitalization of $69.68 million.
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