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Listing from the South Korean Giant Exchange Rocketed the Price of 2 Altcoins! - Coin Newsletter
Bithump, South Korea's 2nd largest cryptocurrency exchange, has made 2 new altcoin listings.
A listing of Radworks (RAD) and Magic (MAGIC) has come from Bithumb, South Korea's major exchange, where transactions of Bitcoin (BTC) and Ethereum (ETH)** lag behind altcoin volumes.
Bithumb announced on its official website on January 15 that it has listed RAD and MAGIC at 06:00 CET today.
In a statement issued by the exchange, it was stated that RAD deposits will only be open for the Ethereum network, and MAGIC deposits will only be open for the Arbitrum One network. Bithumb also warned against making transfers from other networks.
While it is stated that RAD and MAGIC will be traded in the South Korean Won (KRW) parity, investors will be able to trade in RAD**/KRW** and MAGIC/KRW trading pairs.
According to CoinGecko data, RAD and MAGIC took flight after the listing announcement. RAD price increased 25% from $1.71 to $2.14 MAGIC price increased 10% from 1.05 to 1.16 $1.16** **.