South Korea’s second-largest crypto exchange, Bithumb, has added a new set of trading pairs – Biconomy and Puffer Finance – to the Korean won market. This is an important step for both projects in their development. PUFFER’s price surged slightly more than 40%, whereas BICO accelerated nearly 20% after the listing.
Both tokens are available on the Ethereum network, and deposits and withdrawals are activated today. The launch provides new governance and staking options, allowing Bithumb to expand its offerings even in the rapidly growing DeFi space.
Bithumb Adds Biconomy and Puffer Finance
Bithumb has named Biconomy and Puffer Finance its new platform members, which will go live on November 25. Besides this being an important phase for both projects, it is their first venture together. Participants can conduct governance, staking operations, and utilities with utmost convenience using the tokens.
The company has introduced new trading pairs for BICO, PUFFER, and the spot market for KRW. The two tokens are supported on the Ethereum network, where deposits and withdrawals are only possible through Ethereum. The token price of Biconomy is set at 480 KRW, whereas Puffer Finance has a market entry point of 422 KRW. The exchange has also announced that users can only place a buy order within five minutes after. The trading starts on the one hand and the other hand. The sell orders are capped at a 12% price range to guarantee smooth issuance and redemption.
The corresponding tokens’ governance features have been significantly boosted within their ecosystems, apart from the core aspects of the BICO coin. However, it also supports smart account functionalities, staking, and transaction fees. The multisigned relayer network of Biconomy also provides highly efficient BLCH transactions. On the contrary, PUFFER is Puffer Finance’s re-staking protocol,ol which gives crypto users a quick and easy way of staking ETH and receiving rewards.
The fact that these tokens are on the Bithumb platform is a great chance for investors to look for governance and utility staking solutions in the DeFi sector, which is continuously expanding.
PUFFER Cryptocurrency Up 40% in 24 Hours
The effect of listing coins on major exchanges on the vitality and recognition of the tokens is best illustrated by the skyrocketing prices of the FLOKI cryptocurrency after its release to Coinbase. Furthermore, the recent Bithumb incorporation has likewise bolstered PUFFER and BICO, which have seen a sharp rise in stock prices and volumes.
Puffer’s price is $0.39 right now, up 40% in the last 24 hours. Its 24-hour low and high are $0.26 and $0.422, respectively. In the previous month, PUFFER increased its price by 50%, and within the last week, it had increased by 60%. PUFFER has a market cap of $38 million and a trading volume of $114 million. Thus, its price shows upward movement.
Biconomy, the native token of Biconomy, is currently valued at $0.37, 12% up in the last 24 hours. In its low-high range of 24 hours, it stood between $0.299 to $0.37. Over the past four weeks, it has shot up by 110%; in the previous week, it has gained 27%. The Biconomy market cap is $329 million, and the 24-hour trading volume is $59 million.
In Summary
Bithumb, South Korea’s second-largest cryptocurrency exchange, included Biconomy (BICO) and Puffer Finance (PUFFER) in its trading platform, further diversifying its portfolio in the booming DeFi sector. The newly introduced trading pairs, traded in the Korean won (KRW) market, received a substantial price increase after. The listing, with PUFFER soaring by over 40% and BICO gaining close to 20%. Both Ethereum-based tokens now have deposits and withdrawals available.
The listing provides new choices of governance and staking for both projects. This means a user can be involved in staking, governance, and utility operations. Biconomy’s relayer multi-sig network facilitates transaction activities without affecting the transaction speed. At the same time, Puffer Finance’s re-stakes protocol allows one to stake ETH and easily get payouts in the process. As a result, Puffer and Biconomy have gone beyond their modicum to make this Bithumb affair their greatest breakthrough to date.
FAQs
What benefits do these tokens bring to users?
The listing enables governance, staking, and utility operations, expanding DeFi opportunities for users.
How have the prices of PUFFER and BICO reacted to the listing?
PUFFER surged by over 40%, and BICO gained nearly 20% in price following the listing.
What blockchain network supports these tokens?
Both tokens are based on the Ethereum network, with deposits and withdrawals enabled.
What are the key features of Biconomy and Puffer Finance?
Biconomy supports smart accounts and efficient transactions, while Puffer Finance offers rewards for re-staking ETH.
