ALLO Jumps 25% Following Bithumb KRW Trading Pair Launch
Bithumb’s launch of an ALLO/KRW trading pair expands domestic market access for South Korean investors, according to the exchange’s Dec. 9 official announcement.
Summary
On Dec. 9, South Korean crypto exchange Bithumb officially announced the listing of Allola (ALLO) with a Korean won trading pair, enabling direct ALLO/KRW transactions. The listing improved local market accessibility and triggered a 25% surge in ALLO’s price to $0.2067, based on HTX data, alongside heightened trading activity among South Korean users.
Terms & Concepts
- KRW Trading Pair: A cryptocurrency market option allowing trading directly against the South Korean won.
- Bithumb: A major South Korean cryptocurrency exchange offering various digital asset trading pairs.
- HTX: A cryptocurrency market data platform providing price and trading information.