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 that it will be adding MyShell (SHELL) to its Korean Won (KRW) market.

Bithumb to List MyShell (SHELL) on KRW Market

Transaction and Deposit Details

• Market: KRW
• Network: Ethereum (Deposits from other networks are not supported)
• Deposit/Withdrawal Start Time: Within 4 hours from this announcement
• Transaction Start Time: February 28, 2025, at 18:00
• Reference Price: 870 KRW
• Deposit Confirmation Requirement: 33 confirmations

What is MyShell (SHELL)?

MyShell is a decentralized AI consumer layer that connects consumers, creators, and open source researchers. The platform’s native token, SHELL, powers its ecosystem by providing access to premium features, supporting content creators, and facilitating payments.

Trade Restrictions for a Safe Market

To ensure a safe trading environment, the following restrictions will be applied at the start of SHELL trading:

• Buying Restriction: Buying orders will be disabled for the first 5 minutes after trading begins.
• Sell Restriction: During the first 5 minutes, sell orders cannot be placed at prices 10% below or 100% above the reference price.
• Automatic Orders: Automatic trading will be activated only after the first trade is executed.

Deposit and Withdrawal Rules

• Deposits and withdrawals are only supported for authorized virtual asset exchanges that comply with Travel Rule regulations.
• Deposits made from unsupported exchanges may not be processed and may take a long time to return.
• Users trading on restricted exchanges may face restrictions as per Bithumb’s terms and conditions.

Investment Risks and Things to Consider

• Cryptocurrencies are high-risk assets and investors may suffer partial or total loss of capital.
• Investors are solely responsible for their own trading decisions and should carefully review the project’s prospectus and website before investing.

*This is not investment advice.