Following the Filecoin (FIL) listing announcement of Bithumb, South Korea’s leading cryptocurrency exchange, a 12% increase in the Filecoin price was observed. This move is considered an indicator of increasing investor interest and demand for the asset. Additionally, Filecoin futures volume increased by over 20%. However, considering the risks associated with virtual assets, investors are advised to be cautious.
Listing Announcement and Market Reaction
The announcement made by Bithumb on January 6 stated that Filecoin will begin trading on the KRW market. The initially set reference price was announced as 8,680 won. The reliability and solid reputation of the exchange has created a positive atmosphere among investors. Information was received that users must comply with platform policies and that it does not support other networks.
Transaction Restrictions and Security Measures
Bithumb has restricted buy orders within the first 5 minutes to ensure a safe trading environment. Additionally, buy orders 100% above and sell orders 10% below the base price are also limited. Users are asked to follow instructions regarding deposits and account restrictions. It was emphasized that investors should act carefully due to the volatility of the digital asset market.
Filecoin’s Leadership in the DePIN Industry
According to Messari data, Filecoin was the leader in the DePIN category in 2024. The company said it is “building its next chapter” this year, pointing out that more progress will be made in 2025. This development strengthened Filecoin’s position in the industry.
Filecoin’s recent performance is remarkable. It increased by 12% in the last 24 hours, reaching $6.23. It recorded a growth of 25% on a weekly basis and 65% on a quarterly basis. Filecoin, with a market value of $3.84 billion, has strong market activity with a transaction volume of $454 million.
According to futures data, Filecoin’s futures trading volume increased to 712 million and open interest increased to $363 billion. This increase shows that confidence in the asset has increased. Leading crypto exchanges such as Binance, OKX and Bitget have increased interest in Filecoin.
Listing on a major stock exchange leads to the full opening of the cryptocurrency market and the emergence of new demands. This allows reaching a wider investor base. Bithumb’s listing of Filecoin positively affected the market dynamics and also supported the increase in value of other tokens.
The listing of Filecoin on Bithumb created significant activity in the crypto market. While this development increased investor confidence, the security measures offered by the platform also attracted attention. It is important for investors to take cautious steps by considering market conditions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
