South Korea’s second-biggest crypto exchange Bithumb has decided to provide BEAM and AUCTION trading pairs for the nation’s market.
According to the official announcement of the platform, the BEAM and AUCTION trading pairs against the Korean won have been added by Bithumb.
The listing of these new tokens comes as a wider crowd in the nation is constantly looking for new tokens to invest in. Younger generations in South Korea are big investors in cryptocurrencies.
Due to the high percentage of teenage unemployment, their familiarity with electronic payment systems, and their desire to feel more secure about their income in the face of political unpredictability, they generally see them as an alternate route to financial stability.
The news had an optimistic take on the token’s investors, giving them a push to trade up nearly 3%.
BEAM and AUCTION Likely To Rise In The Future
After the news of Bithumb’s trading green signal, both BEAM and AUCTION rose upwards in positive territory. The market at present expects continued momentum for both the tokens if this optimism continues.
In the coming one month, Beam is expected to increase by 227.49%. The present sentiment for the coin is bullish, according to technical indicators, and the Fear & Greed Index is currently at 69 (Greed).
Over the previous 30 days, Beam saw 14 out of 30 (47%) green days and 8.14% price volatility. With 25 technical analysis indicators indicating optimistic signals and three indicating negative signals, the overall sentiment for Beam price projection is bullish.
On the other hand, Bounce Token (AUCTION) is expected to increase by 0.39%, hitting $13.35 in the next one month. Market indicators reveal that the Fear & Greed Index for AUCTION is currently at 69 (Greed), while the attitude is neutral.
Over the previous 30 days, Bounce Token has had 15/30 (50%) green days and 6.52% price volatility. The overall mood of the price prognosis of the Bounce Token is neutral. AUCTION’s twelve technical analysis indicators indicate bearish indications, while sixteen indicate bullish signals.
Bithumb Plans IPO In Coming Year
Interestingly, Bithumb’s addition of new tokens and market expansion comes in the backdrop of the crypto exchange eyeing a US IPO.
By the second half of 2025, Bithumb is looking at the idea of going public on the US Nasdaq. The decision to list on the Nasdaq follows Bithumb’s unsuccessful attempt to list on South Korea’s KOSDAQ in 2020 due to ambiguous rules and a dearth of accounting standards for virtual assets.
In anticipation of its first public offering (IPO), Bithumb is restructuring its operations. By separating its real estate and investment divisions into a new company, tentatively named “Bithumb A” or “Bithumb Investment,” the company will concentrate on its primary exchange operations. Through an emphasis on virtual asset exchange operations, this strategy seeks to increase the IPO’s success.