Bithumb, South Korea’s second-largest cryptocurrency exchange by volume, has announced the listing of Excela (WAXL) and Yield Guild Games (YGG), exciting news for South Korean crypto enthusiasts. The exchange aims to increase the diversity of trading options on its platform and provide users with more choices for their cryptocurrency portfolios.
The move by Bithumb is set against the backdrop of fierce competition with Upbit, which holds over 80% of South Korea’s crypto volume. Upbit is known for closely following the world’s largest crypto exchange, Binance, in terms of crypto listings.
By listing WAXL and YGG, Bithumb is opening up access for its users to a broader range of cryptocurrencies, aligning with the growing demand for diverse investment options in the crypto space. As the market continues to evolve, exchanges are recognizing the importance of catering to varied investor preferences.
South Korea is a significant player in the global crypto market with a substantial number of active participants. Bithumb’s initiative to offer South Korean Won trading pairs is designed to adapt to the evolving local market dynamics, offering users a seamless and diversified trading experience.
Bithumb’s decision to expand its trading offerings signifies its commitment to being at the forefront of crypto innovation in South Korea. Exchanges that actively introduce new features and trading options are likely to maintain a competitive edge in the crypto world.