Bithumb Announces Gnosis (GNO) Listing On KRW Market, $GNO Price Surges 25%

South Korea’s second-largest cryptocurrency exchange, Bithumb, has officially announced the listing of Gnosis (GNO) on its Korean Won (KRW) trading market. 

The move marks a significant milestone for Gnosis, a blockchain ecosystem focused on decentralized infrastructure and governance. 

By adding GNO to its KRW market, Bithumb enhances accessibility for South Korean investors, allowing them to trade the token directly using their local currency. 

Given South Korea’s status as a major hub for cryptocurrency trading, this listing is expected to drive increased liquidity and broader adoption for Gnosis within the region.

Gnosis Expands as a Key Player in Web3 Innovation

Gnosis is widely recognized for its contributions to decentralized infrastructure, particularly through its Ethereum Virtual Machine (EVM)-compatible blockchain, Gnosis Chain. 

The ecosystem supports applications in payments, identity verification, and governance, with Gnosis Studios leading development efforts and Gnosis VC investing in early-stage blockchain projects. 

Governance within the Gnosis network is managed through Gnosis DAO, ensuring decentralized decision-making. 

The GNO token plays a crucial role in this ecosystem, enabling staking, governance participation, and transaction validation. 

With this expansion into the South Korean market, Gnosis strengthens its position as a leading Web3 infrastructure provider.

Also Read: Bithumb To Overhaul Crypto Listing Process After Ex-CEO Embezzlement Case

Gnosis (GNO) Price Jumps Following Bithumb Listing

Investor enthusiasm for Gnosis surged following the Bithumb listing, pushing the GNO token’s price up by 25.32% in the last 24 hours. 

Currently trading at $208.79, the token has also recorded an 11.69% gain over the past week. 

The listing has driven a notable increase in market activity, with GNO’s 24-hour trading volume reaching $28.97 million. 

With a circulating supply of 2.6 million GNO, the project’s market capitalization now stands at approximately $497.23 million. 

The Bithumb listing not only boosts liquidity for GNO but also increases visibility and investor confidence, reinforcing its long-term market potential.

Bithumb’s Growing Influence and Broader Token Market Trends

Bithumb’s decision to list GNO reflects the growing demand for high-utility blockchain projects in South Korea. 

The exchange has played a crucial role in introducing new assets to the market, as seen with its recent listings of GAME, PEAQ, VANA, GOAT, and SUNDOG tokens. 

Following their KRW pair listings, these tokens have experienced price surges ranging from 4% to 33%, demonstrating the strong influence Bithumb holds in driving token performance. 

As South Korea continues to be a key player in the global crypto economy, Bithumb’s role in facilitating mainstream adoption and liquidity for innovative blockchain projects like Gnosis is set to grow even further.

Also Read: South Korean Court Jails Golfer and Ex-Bithumb Head for Bribery, Altcoin Manipulation