South Korea’s leading cryptocurrency exchange, Bithumb, officially announced the listing of Bluefin (BLUE) on its Korean won (KRW) trading market.
The news was shared by Bithumb in a public notice, positioning the listing as part of its efforts to expand trading options for local investors.
Trading for BLUE is set to begin at 6:00 PM KST on Thursday, May 22, 2025, with the base listing price set at 150 KRW.
The development marks a major step for Bluefin, as securing a listing on a prominent exchange like Bithumb significantly increases its visibility, credibility, and accessibility to South Korean retail and institutional investors.
Market Reacts Positively With BLUE Token Surging Nearly 24%
Following the announcement, the price of Bluefin (BLUE) spiked by 23.78% within the last 24 hours, reaching $0.1332.
The surge in price also follows a 7-day upward trend, bringing the token’s weekly gain to 18.32%.
The token has seen a massive uptick in trading activity, with 24-hour volume crossing $106 million, a sign of growing interest and liquidity.
Bluefin’s current market capitalization now stands at approximately $41.2 million, backed by a circulating supply of 310 million BLUE tokens.
The price action reflects a strong investor response to the Bithumb listing, signaling optimism over the token’s potential in a newly tapped market.
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Technical and Trading Details Confirm Strong Rollout Infrastructure
According to Bithumb, trading of BLUE will be supported exclusively on the Sui network, and deposits made via other blockchain networks will not be accepted.
Deposits and withdrawals will open within two hours of the listing notice, ensuring that traders can prepare ahead of the scheduled 6:00 PM launch.
The exchange also set a requirement of 20 deposit confirmations to ensure transaction security.
These detailed guidelines emphasize Bithumb’s commitment to maintaining operational integrity while rolling out new digital assets, offering users a seamless trading experience with clearly defined protocols.
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Strategic Implications for Bluefin’s Ecosystem and Market Expansion
The Bithumb listing serves as a strategic milestone for Bluefin’s broader growth ambitions.
As one of South Korea’s largest and most reputable exchanges, Bithumb provides BLUE with exposure to a high-volume, tech-savvy user base known for actively trading altcoins.
The timing is also favorable, as investor sentiment in Asia continues to recover in 2025, creating fertile ground for emerging tokens.
With a rising market cap and an established exchange partner, Bluefin is now better positioned to explore further integrations, partnerships, and network developments, ultimately aiming to solidify its presence in the global DeFi and crypto ecosystem.
Bithumb’s Recent Listings Show Consistent Market Impact
The Bluefin listing follows a pattern of impactful token launches on Bithumb, which has become a trendsetter in the Korean crypto exchange landscape.
Recently, the exchange listed PROMPT with a KRW pair, resulting in a 12.56% price increase and a trading volume exceeding $138 million within a day.
Similarly, Haedal Protocol (HAEDAL) experienced a 50% price jump after its Bithumb debut on May 2, 2025, driven by a $151.6 million trading volume.
These precedents reinforce the influence Bithumb wields in shaping token performance through strategic listings.
The consistent post-listing surges reflect both the platform’s strong user base and investor confidence in Bithumb’s vetting process, which now stands to benefit Bluefin as it enters this high-potential market.
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