South Korea’s leading virtual asset exchange Bithumb has officially announced that its new digital assets INIT and FLOCK will be listed on the won market.
Bithumb Lists INIT and FLOCK on Korean Won Market
The two assets are planned to start trading on May 30 (Friday) 2025 at 18:00. Deposits and withdrawals will begin within 2 hours from the moment of the announcement.
Listing Details of INIT and FLOCK
Iniisia (INIT) is an asset based on the Initia network, and deposits via other networks are not supported. The transaction reference price is 1,199 won, and the deposit confirmation number is 15. Flock (FLOCK) uses the BASE network, and the reference price is 119 won, and the deposit confirmation number is 200.
This listing is interpreted as part of Bithumb’s strategy to offer users a wider range of investment opportunities by increasing the number of new assets that can be directly traded on the won market.
To ensure transaction security, buy orders will be restricted during the first 5 minutes after the start of trading and sell orders cannot be placed at prices below -10% or +100% of the reference price. The automatic order function is available after the first transaction.
To comply with the Travel Rule, deposits and withdrawals are only supported through Bithumb designated virtual asset operator exchanges.
If money is deposited outside of the specified exchanges, it will not be possible to reflect the assets into the account and the refund may take a long time. In addition, caution should be exercised when transactions are made through unreported exchanges or exchanges with usage restrictions, as service restrictions may be experienced.
Bithumb warned that “Virtual assets are high-risk investment products and investors are responsible for their own losses,” and recommended that you sufficiently review the project homepage, white paper, etc. before trading.
In addition, the starting price of the day it is added to the market is shown as the reference price, not the initial transaction price, and security measures such as deposit and withdrawal restrictions, account blocking, and additional identity verification requests may be taken within 7 days after registration.
*This is not investment advice.
