Waltonchain Listed on Bithumb; Should See Volume Increase
Waltonchain (WTC) is now listed on Bithumb, one of the most volume-heavy virtual currency exchanges. The team behind WTC made the announcement last week to fanfare from its holders. Bithumb is the largest South Korean cryptocurrency trading platform.
Waltonchain Listed on Bithumb
The company released a tweet to inform investors that the coin would be listed on Bithumb. The announcement reads as follows:
“On Aug 31, 2018, WTC is officially listed on Bithumb (hhtps://bithumb.com/), the world leading and South Korea’s largest cryptocurrency exchange. Bithumb has opened WTC deposits at 13:00 Aug 31,2018 and trading at 17:00, Aug 31, 2018 (UTC+8 Singapore Time).”
Bithumb is currently the 5th most important cryptocurrency exchange in the market by trading volume. In the last 24 hours, it has registered a volume of $532 million dollars according to CoinMarketCap. The highest volume trading pairs are BTC/KRW, EOS/KRW, and SNT/KRW, accounting for over 62% of the total trading volume.
Waltonchain has been recently added and accounted for 0.2% of the total volume at the exchange. The trading pair available is WTC/KRW. Bithumb has 42 different markets available including the most important virtual currencies and other tokens.
When the information was announced, Waltonchain WTC price skyrocketed 25% in just a few hours—a typical response with a Bithumb listing. It moved from $4.44 dollars to $5.55. At the moment of writing, Waltonchain has the 48th highest market cap in the market.
Since the listing, Waltonchain, along with nearly every coin, has dropped in price following a Bitcoin drop. The coin will look to attract fiat investors through exchanges like Bithumb in the coming weeks to help restore its price.
Waltonchain is an enterprise-focused blockchain platform. It will look to add business partners in the future to use its chain for logistics management.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.