SNS Named as the Exclusive Partner for Osmosis (OSMO) Listing on Bithumb South Korea: Price Surges
Bithumb, one of the most prominent cryptocurrency exchanges in South Korea, has officially announced that it will be listing Osmosis (OSMO) on its Korean Won market. This news comes shortly after Bithumb’s recent partnership with SNS, making them the exclusive partner for the highly anticipated listing.
The listing on Bithumb will exclusively support Osmosis (Mainnet) network, making it even more appealing to traders and investors. However, it is important to note that deposits via other networks will not be supported, adding an element of exclusivity to the trading experience.
The much-anticipated listing is set to take place on Tuesday, December 26, 2023, with the deposit service commencing at 08:00. Shortly after, at 09:00, transaction and withdrawal services will be made available to users. The base price for OSMO has been set at 2,015 KRW, indicating a strong initial valuation for the token.
As expected with listings of this nature, price volatility in OSMO has already begun. Traders and investors are eagerly watching the market as the price fluctuates, anticipating potential opportunities for profit. The rapid price movement emphasizes the excitement and hype surrounding the listing.
To celebrate the listing, Bithumb is also hosting an airdrop event where users can earn ETH by actively trading OSMO. The more OSMO users trade, the higher their chances of earning a generous amount of ETH.
Osmosis (OSMO) is a decentralized exchange (DEX) built using Cosmos SDK. It boasts a unique appchain structure and is described as a liquidity hub that allows users to create their own customized liquidity pools, offering an optimized trading environment for each asset. This innovative concept has garnered significant attention within the cryptocurrency community.
Overall, the listing of Osmosis (OSMO) on Bithumb South Korea marks a significant step forward for the altcoin. The partnership with SNS adds an extra layer of exclusivity to the listing, further fueling the growing demand and uplifting the price. Traders and investors will undoubtedly be closely monitoring the market for potential opportunities amidst the volatility.