South Korea’s leading cryptocurrency exchange Bithumb has released a list of ORCA (ORCA) on the South Korean victory (KRW) market.
Bithumb lists ORCA (ORCA) in the KRW market
Transaction details
- Sunday KRW Market
- Network: solana (seeds through other networks not supported)
- Deposit and withdrawal opening: Within 3 hours of announcement
- Trade begins: March 28, 2025, 16:00
- Starting price: 3,794 KRW
- Deposit confirmation requirements: 20 confirmations
What is orca (orca)?
ORCA is a distributed exchange (DEX) built on the Solana blockchain, offering fast, low-cost token swap and liquidity.
Increase trading efficiency using a centralized liquidity automatic market maker (CLAMM) model. ORCA tokens act as utility tokens within the ecosystem that contain governance features.
Trade restrictions
To ensure a stable trading environment, Bithumb has implemented the following restrictions during the initial trading period:
- Purchase Limit: Purchase orders are restricted for the first 5 minutes of trading.
- Sales Limitations: For the first 5 minutes, sales orders below -10% of the initial price will be limited to +100% or more.
- Auto-orders: Auto-orders are only active after the first transaction is executed.
Deposit and withdrawal notices
In compliance with travel rules regulations, deposits and withdrawals only support crypto exchanges registered as virtual asset service providers (VASPs) recognized by Bithumb.
Deposits made from unsupported exchanges are not credited and refunds may take a long time. Additionally, users must verify network compatibility before depositing to avoid losses due to transactions being incorrect.
*This is not investment advice.
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