South Korea’s second biggest crypto exchange Bithumb has decided to add another pair to its trading list. According to an official announcement, on 29th October, the cryptocurrency exchange declared that it will be introducing two new Korean won trading pairs for CARV and OMNI.
CARV is a game chain data infrastructure while Omni Network, is a L1 blockchain seeking to create a single, cohesive system by combining Ethereum’s Rollup ecosystem.
The news had likely landed as an optimistic one for the investors of the token, given that the price of CARV and ONMI surged significantly after the announcement.
At the press time, OMNI is trading at $8.36, up 8.43% while CARV is trading at $0.8272, up 5.50% as compared to the same time last day.
Bithumb Keeps Adding To Its List Of Tokens
Bithumb, the country’s second-largest cryptocurrency exchange, has been on a continuous spree of adding new token for Korean traders to trade. Previously the platform had chosen to offer the BEAM and AUCTION trading pairs to its customers.
These additional coins have been added to the list as more and more people nationwide are constantly looking for new tokens to make investments in. The younger generation in South Korea has a sizable cryptocurrency investment portfolio.
Because of the high rate of unemployment among teenagers, their familiarity with electronic payment systems, and their desire to feel more secure about their income in the face of political unpredictability, they typically view them as an alternative path to financial stability.
It’s interesting to note that Bithumb’s market expansion and token additions coincide with the cryptocurrency exchange’s plans for a US IPO.
Bithumb is considering going public on the US Nasdaq by the second half of 2025. Following Bithumb’s failed 2020 attempt to list on South Korea’s KOSDAQ due to unclear regulations and a lack of accounting standards for virtual assets, the company has decided to list on the Nasdaq.
CARV & OMNI Trading: Will It Keep Rising In The Future?
Both CARV and Omni tokens saw a good positive trading session after the news was announced. If this optimism does continue, the token is likely to see better and more green trading days in the future.
However, the current sentiment for CARV token is bearish, according to technical indicators, and the Fear & Greed Index is currently at 69 (Greed).
The last 30 days CARV saw 7/19 (37%) green days. At the moment, the token has four technical analysis indicators indicating bullish signals, while nine indicate bearish signals,
On the other hand, the sentiment for OMNI also resides in the same territory. The current sentiment for the token is bearish, according to technical indicators, and the Fear & Greed Index is currently at 69 (Greed).
During the past 30 days, Omni Network has experienced 14/30 (47%) green days and 6.67% price volatility. The overall Omni Network price prediction sentiment is bearish, with six technical analysis indicators indicate bullish signals, while fifteen indicate bearish signals.