Popular South Korean cryptocurrency exchange, Bithumb, announced the listing of its new token, SOPH, on the Korean Won Market. Deposits and withdrawals have already begun. However, deposits will only be supported by the Sophon network.
However, the exchange has placed some trading restrictions on SOPH’s first transactions. This includes restricting buy orders for 5 minutes from the start of trading and sell orders priced 10% below or 100% above the reference price. Traders hope these restrictions will be relaxed following subsequent transactions.
Following the listing of SOPH, the South Korean exchange will try to expand the list of tradable digital currencies and support promising projects. This will open new opportunities for investors who desire to expand their portfolios.
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