Bithumb Lists $AERO, $SOLV; $AERO Surges!

Bithumb, one of South Korea’s leading cryptocurrency exchanges, has announced the listing of Aerodrome Finance (AERO) and Solve Protocol (SOLV) on its KRW market, propelling a massive surge in the market value of $AERO.

Bithumb Lists $AERO, $SOLV

🚀 에어로드롬 파이낸스(#AERO) 원화 마켓 추가 안내
New Listing : $AERO will be added to the KRW market today.

For more details 👉 https://t.co/jwvY1izGkV
#bithumb #Listing #KRWmarket #AERO @AerodromeFi pic.twitter.com/XwSvqCW6Yp

— Bithumb (@BithumbOfficial) January 24, 2025

According to the official announcement, deposits and withdrawals for both SOLV and AERO will commence within two hours of the notice being posted. Trading for the cryptocurrencies is scheduled to begin at 3:00 PM on Friday, January 24, 2025.

The base price for SOLV has been set at 97.69 won, with 15 deposit confirmations required to secure transactions. On either hand, the base price for AERO has been set at 1,505 won, with 200 deposit confirmations for transactions. In its official notice, Bithumb emphasized that AERO is supported exclusively on the BASE network, and SOLV will be supported on BNB Smart Chain. Note that deposits via other networks will not be supported.

To ensure a secure trading environment, Bithumb has implemented several restrictions for $SOLV and $AERO during its initial trading period. Thus, buying orders are restricted for the first five minutes after trading begins. Selling orders are also restricted for five minutes after trading begins at prices less than -10% or more than +100% of the base price. Lastly, automated orders will only be available after the first transaction following the start of trading.

Bithumb Listing Leads AERO to Surge

Following the listing announcement, AERO rose by 0.67% to $1.0304. The 24-hour market volume for AERO also surged by 99.9%, reaching $74.52 million. The market cap of AERO remains strong at $777.91 million.

However, SOLV has gone down by 8.36% to $0.06737. The 24-hour market volume for SOLV also suffered a slight dip of 5.40% to $160.34 million.

Courtesy: Coinmarketcap