TrustSwap Announces Listing of $SWAP Token on South Korea’s Bithumb Exchange
Seoul, South Korea–(BUSINESS WIRE)–TrustSwap’s native token, $SWAP, is now available on the Bithumb Exchange. This listing represents an important step in providing additional access to the SWAP token.
What is SWAP?
TO EXCHANGE is the proprietary token used in TrustSwap products and services. For example, SWAP holders can use SWAP in order to quickly access new blockchain projects through TrustSwap. Launching ramp Platform. SWAP is also the token that will power The Crypto App which crypto users can use to track their portfolios and monitor over 6,000 coins on over 100 exchanges. Additionally, the SWAP token can be used to receive discounts on TrustSwap-related service fees.
What is Bithumb?
Bithumb is among the world’s top 20 (Coinmarketcap) South Korean cryptocurrency exchange which is one of the most popular cryptocurrency trading platforms in South Korea. Many popular cryptocurrencies are available to buy, sell and trade on Bithumb Exchange. Although Bithumb is most commonly associated with the Asian market, Bithumb also operates a global exchangeBitGlobal, which is used worldwide.
Why was SWAP listed on Bithumb?
By listing the SWAP token on Bithumb, TrustSwap strategically makes SWAP more accessible to users, especially in Asia. Bithumb’s status as one of the most widely used cryptocurrency exchanges in South Korea makes it a strategic move for TrustSwap as TrustSwap seeks to provide greater access to the SWAP token worldwide.
South Korea is estimated to be the third largest cryptocurrency market in the world. South Korean cryptocurrency exchanges accounted for over 9% of global cryptocurrency trading volume as of August 2021, and the Korean won is one of the top 5 most traded fiat currencies for bitcoin. About 10% of South Korea’s total population invested in cryptocurrencies when Bitcoin hit an all-time high in 2021.
These statistics show the importance that South Korea and South Korean cryptocurrency exchanges play in the overall cryptocurrency market.
By listing the SWAP token on one of Korea’s largest exchanges, TrustSwap has made the token available for wider use. By listing on Bithumb, visibility and demand for SWAPs across Asia could be significantly increased, potentially giving the TrustSwap ecosystem a boost.
One of the main goals of TrustSwap is to list the SWAP token on as many cryptocurrency exchanges as possible. This marks a step towards achieving this goal.
Trust exchange is a multi-chain DeFi ecosystem providing services to businesses and individuals. With over $4.5 billion secured across 23,000 projects across nine blockchains, TrustSwap is a fundamental pillar of crypto security. TrustSwap’s “The Crypto App” has over four million downloads, making it one of the most popular crypto apps in the world. The Launchpad offered by TrustSwap has safely launched more than 40 projects.
Our products and services provide solutions to issues related to token and liquidity locking, token minting, escrow and acquisition. In addition, we also provide solutions for distribution, staking and tracking of cryptocurrency assets, NFT services and fundraising.
the Bithumb Exchange was founded by BTC Korea.com LTD and is based in Seoul, South Korea. Since launching the service in 2014, Bithumb has become one of the leading digital asset trading platforms in South Korea. Bithumb has the world’s best competitive advantages and expertise in establishing and operating virtual asset transactions and blockchain technology and plans to lead the future of digital financial platforms by merging the world.