Bitcoin exchange Bithumb has announced that it will list two new altcoin trading pairs on its Spot trading platform! Here are the details.

South Korea's leading digital asset exchange Bithumb has officially announced that the new digital assets INIT and FLOCK will be listed on the won market.

Bithumb Listed INIT and FLOCK on the Korean Won Market

It is planned for the two digital assets to start trading on Friday, May 30, 2025, at 18:00. Deposit and withdrawal transactions will begin within 2 hours from the moment the announcement is made.

Listing Details of INIT and FLOCK

Iniisia (INIT) is a network-based asset on the Initia network, and deposit operations through other networks are not supported. The reference transaction price is 1,199 won, and the number of deposit approvals is 15.

Flock (FLOCK) uses the BASE network and has a reference price of 119 won, with a deposit confirmation count set at 200.

This addition to the list is seen as part of Bithumb's strategy to increase the number of new assets that can be directly traded in the won market, providing users with a wider variety of investment opportunities.

To ensure transaction security, buy orders will be restricted for the first 5 minutes after the start of transactions, and sell orders cannot be placed at prices below -10% or above +100% of the reference price. The automatic order function will be available after the first transaction.

To comply with the Travel Rule, only deposit and withdrawal transactions through the virtual asset operator exchanges designated by Bithumb are supported.

If funds are deposited outside of the specified exchanges, it will not be possible for the assets to be reflected in the account, and the refund process may take quite a long time. Additionally, caution should be exercised as service restrictions may occur when transactions are made through unreported exchanges or exchanges with usage limitations.

Bithumb warns that "Digital assets are high-risk investment products and investors are responsible for their own losses," and advises you to thoroughly review the project’s homepage, white paper, etc. before trading.

Additionally, the starting price on the day it is added to the market is not the initial trading price, but is shown as the reference price, and security measures such as deposit and withdrawal restrictions within 7 days after registration, account blocking, and additional identity verification requests may be implemented.

*It is not investment advice.

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