Bithumb launched BICO and PUFFER trading pairs, with PUFFER rising 40% and BICO 20%.
Bithumb, the second-largest cryptocurrency exchange in South Korea, has introduced trading pairings for the Korean won (KRW) platform Biconomy and Puffer Finance.
Both initiatives have reached a significant crossroads with this achievement. Following the listing, the price of PUFFER increased by 40 percent, while the price of BICO increased by roughly twenty percent.
Both tokens are accessible on the Ethereum network, and deposits and withdrawals are now possible. This launch further expands Bithumb’s offerings in the rapidly expanding decentralized finance field, offering new governance and staking opportunities.
Bithumb Introduces Trading for Biconomy and Puffer Finance
On November 25, Bithumb announced that it would be listing Biconomy and Puffer Finance on its marketplace. These two projects have reached a significant milestone with this launch.
Users now have unhindered access to these assets, which come with provisions for governance, staking, and utility characteristics. The exchange has opened the KRW market and included trading pairs for BICO and PUFFER. Although Ethereum will support both tokens, deposits and withdrawals will only be possible with Ethereum.
The Biconomy token, with a base price of 480 KRW, commands a higher price than the Puffer Finance token, listed at 422 KRW. To guarantee seamless transactions, the exchange has implemented a five-minute delay on purchase orders and a twelve percent price range restriction on selling orders.
Both tokens enhance their utility within their respective ecosystems of use. In the context of the multi-chain relayer infrastructure that Biconomy provides, BICO provides support for smart account functionality, staking, and transaction fees.
PUFFER, on the other hand, is an essential part of the liquidity restaking protocol that Puffer Finance makes available to its users. This protocol makes it possible for users to stake Ethereum and earn incentives.
Within the rapidly expanding decentralized finance ecosystem, the launch of these tokens on Bithumb gives a fantastic opportunity for investors who are looking for governance and staking utilities. Major cryptocurrency exchanges provide a significant boost to tokens, as demonstrated by the significant increase in value of FLOKI after its listing on their Coinbase platform.
The recent listing on Bithumb has also helped PUFFER and BICO, increasing their prices and trade volume.In the past twenty-four hours, the price of Puffer has increased by forty percent, and it is currently trading at $0.39. During the past twenty-four hours, it has reached a low of $0.26 and a high of $0.422.
In the previous month, PUFFER has increased by fifty percent, and in the past week, it has increased by thirty-six percent. The price of PUFFER is experiencing significant upward momentum, as seen by its market capitalization of $38 million and its trading volume of $114 million.
The price of BICO, which is the native token of Biconomy, is currently $0.37, which represents a 12% growth over the course of the previous 24 hours. It had a low of $0.299 and a high of $0.37 throughout the course of 24 hours. The past month, it has increased 110%, and the past week, 27%. The total market capitalization of Biconomy is currently at $329 million, while the day’s trading volume is $59 million.
