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Saturday, August 18, 2018
News

Bithumb to List Cardano (ADA)

Bithumb, South Korean Cryptocurrency Exchange, has announced to list Cardano (ADA) tokens on its platform. They also added that they are doing a 1% payback program for users who trade and deposit ADA. The mentioned 1 percent payback program will run from the date deposits are open till 16th of June. Deposits are scheduled to be open on 14th of June at 14:00 +9 UTC. Trading, on the other hand, is open till 30th of June.
They have also supported Status Network Token (SNT) apart from Cardano (ADA). Bithumb is also listing Status Network (SNT) tokens. Similarly, The 1% payback is applicable for SNT too.

Cardano is the seventh most valuable cryptocurrency in terms of market cap and SNT tokens are among the top 50. Cardano has a market capitalization of around $4.5B. The interest towards this coin is growing increasingly as its daily trading volume spiked from $99 million to $166 million. It is the only coin in green in the top ten and is currently showing positive momentum. Over 40% of the trading volumes of the coin are processed by Upbit. The most popular pair is ADA/KRW.

Bithumb provides real-time Bitcoin (BTC) quotations and offers the Korean Blockchain service allowing coin transactions of Ethereum (ETH), Litecoin (LTC), Dash (DASH), Ripple (XRP) and Ethereum Classic (ETC)and offering lowest transaction fee in Korea. It also provides safe protection of properties of customers by the use of data-temper-prevention High SSL, advanced encryption, 24*7 server monitoring and SMS authentication. It also delivers real-time charge and 365-real-time withdrawal and real-time trading system through virtual accounts.

Recently, Bithumb made headlines for successfully passing a tax audit by the South Korean government. The exchange has been cleared of all charges relating to alleged tax evasion for last year as per the report by Finance Magnates. People have shown tremendous support after the announcement of Bithumb listing Cardano (ADA) saying that Cardano has a fantastic tech and an amazing vision and team.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.