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A new digital asset will be listed by a new currency exchange, Bithumb, one of South Korea’s top cryptocurrency exchanges. This will allow users in a trading pair with the South Korean won (KRW) to use the $ZAMA token, according to the official statement.
This announcement, which was released on 14 April, said $ZAMA will be listed in Bithumb’s KRW market with details about the start of trading expected to be explained soon. With Korean won, investors will be able to buy and sell $ZAMA directly with the listing.
Cryptocurrency exchanges’ new asset listings generally increase liquidity of the associated token, while also allowing it to reach a larger investor base. $ZAMA is likely to be able to gain more visibility in the South Korean market and see its trading volume grow significantly in this context.
Conversely, Bithumb issues a number of warnings to its users before new listings are added. Investors should be advised to carefully look at the technical infrastructure, use cases and risk factors of the relevant asset before making a transaction. The high volatility of crypto assets is emphasized that caution should be taken against sudden price movements.
Though details of the project are expected to be revealed in upcoming days, while detailed information about the blockchain infrastructure and technical details on the $ZAMA token have not yet been released. The listing development is closely followed, especially in the Asian crypto market, where it’s a close follower.
*This is not investment advice.
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