BIGTIME and others enter the Korean market
On the 30th, Bithumb, a major Korean crypto asset (virtual currency) exchange, announced the new handling of ERC-20 standard tokens “Big Time (BIGTIME)” and StormX (STMX).
BIGTIME was listed on Coinbase in the US and offshore exchanges OKX and Bitget in October, with a market capitalization of 7.9 billion yen and trading volume of around 8 billion yen (according to CoinMarketCap).
Bithumb is launching a Korean won trading pair for BIGTIME and STMX tokens at noon today. According to research firm Kaiko, Bithumb is the second largest exchange in terms of virtual currency trading volume in South Korea, with a market share of just under 20% in the country.
South Korea has historically been known for its high level of cryptocurrency speculation, and in past bull markets there was a “kimchi premium,” where asset prices were higher than in other countries’ markets. According to September 2023 data from South Korea’s National Tax Service, taxpayers who filed taxes this year own a total of 131 trillion won (14.5 trillion yen) worth of virtual currency overseas.
connection:Web3 game “Big Time” newly listed on Coinbase, etc.
About BIGTIME and STMX
Big Time is a Web3-based action RPG game that can be played for free. Players can upgrade the items they earn as rewards, use them in-game, or trade them in their own marketplace, Open Loot. BIGTIME is a utility token that is used for NFT creation and upgrades, special dungeon admission fees, etc.
The production company Big Time Studio was co-founded by Ari Meilich, former CEO of the Web3 metaverse project Decentraland, and others. In May 2021, the company raised $21 million in funding from FBG Capital, North Island Ventures, Digital Currency Group, OKEx Blockdream Ventures, Circle Financial, Alameda Research, and others.
StormX (STMX) is a platform that provides virtual currency cashback functionality to merchants. STMX is StormX’s native token, and users can earn STMX as a reward for participating in the ecosystem, including StormX staking. You can exchange it for cash through an exchange or hold a campaign using STMX.
connection:ASTR (ASTR) newly listed on bithumb in Korea