Bitcoin Exchange Bithumb Announces Listing of This Altcoin on Its Spot Trading Platform! Here Are the Details

South Korea’s leading cryptocurrency exchange Bithumb has announced the listing of Orbiter Finance (OBT) on the KRW trading market.

Bithumb to List Orbiter Finance (OBT) on KRW Market

OBT Transaction Details

• Supported Market: KRW
• Supported Network: Arbitrum One (Deposits via other networks will not be supported)
• Deposit/Withdrawal Start Time: Within two hours from this announcement
• Transaction Start Time: March 14, 2025, 06:00
• Reference Price: 26.34 KRW
• Deposit Confirmation Requirement: 30 confirmations

Trading Restrictions for a Safe Market

To ensure a stable trading environment, Bithumb has implemented the following initial trading restrictions:

• Buy Orders: Restricted for the first 5 minutes after trading starts.
• Sell Orders: During the first 5 minutes, sell orders cannot be placed below -10% or above +100% of the reference price.
• Automatic Orders: Available only after the first trade has been executed.

Deposit and Withdrawal Precautions

Bithumb reminded users to be careful with deposits and withdrawals:

• Due to Travel Rule regulations, transfers will only be supported between Bithumb and approved virtual asset service providers (VASPs). Deposits from unapproved exchanges will not be reflected and refunds may take significant time.
• Trading and transfers made through restricted exchanges may result in account limitations as per Bithumb’s terms and conditions.
• Users must verify correct deposit addresses and network details before making transactions to avoid loss of funds.

Bithumb will provide further updates on OBT asset details in due course.

*This is not investment advice.