South Korea’s leading cryptocurrency exchange Bithumb has announced the listing of Orca (ORCA) on the Korean Won (KRW) market.
Bithumb Lists Orca (ORCA) on KRW Market
Transaction Details
- Sunday KRW Market
- Network: Solana (Deposits via other networks are not supported)
- Deposit and Withdrawal Opening: Within three hours after the announcement
- Transaction Start: March 28, 2025, 16:00
- Starting Price: 3,794 KRW
- Deposit Confirmation Requirement: 20 confirmations
What is Orca (ORCA)
Orca is a decentralized exchange (DEX) built on the Solana blockchain, offering fast and low-cost token swaps and liquidity.
It uses the Concentrated Liquidity Automated Market Maker (CLAMM) model, which increases trading efficiency. The ORCA token serves as a utility token within the ecosystem, including governance functions.
Trading Restrictions
To ensure a stable trading environment, Bithumb has implemented the following restrictions for the initial trading period:
- Buying Restriction: Buying orders are restricted for the first five minutes after trading begins.
- Sell Restriction: Sell orders below -10% or above +100% of the initial price will be restricted for the first five minutes.
- Automatic Orders: Automatic orders will be activated only after the first trade is executed.
Deposit and Withdrawal Notification
In compliance with Travel Rule regulations, deposits and withdrawals are only supported for crypto exchanges registered as Virtual Asset Service Providers (VASPs) recognized by Bithumb.
Deposits made from unsupported exchanges will not be credited and refunds may take a long time. Additionally, users should verify network compatibility before depositing to avoid losses due to incorrect transactions.
*This is not investment advice.
