Metis Expands Its Presence in South Korea with a Listing on Bithumb

Metis has just taken a significant step in its mission to expand its presence in the APAC region, particularly in South Korea. As of November 21, 2024, Metis has officially been listed on Bithumb, one of the biggest cryptocurrency exchanges, and is now available on the KRW market.

A Major Milestone for Metis in South Korea

This listing marks a pivotal moment for Metis as it solidifies its position in one of the world's fastest growing crypto markets. South Korea has long been a hub for crypto innovation, and gaining access to Bithumb's platform opens new opportunities for the Metis ecosystem to grow and attract more users and developers in the region.

Metis has become substantially more accessible to Korean users and investors. As Bithumb supports trading in the KRW market, users can now easily swap METIS for Korean Won, attracting significantly more liquidity to the Metis network in South Korea.

Key Details of the Bithumb Listing

• Deposit and Withdrawal Supported Network: Ethereum (other networks are not supported yet for deposits and withdrawals)
• Reference Price: 59,050 KRW
• Trading Restrictions:
  • Buy orders will be restricted for the first 5 minutes after transaction begins.
  • Sell orders below -10% or above +100% of the reference price will be restricted for the first 5 minutes.
  • Automatic orders will only be available after the first transaction is completed.

Bithumb also highlights that deposits and withdrawals are supported only through exchanges designated by Bithumb as part of Travel Rule compliance, ensuring that users can exchange securely and within regulatory guidelines.

The Future of Metis in South Korea

South Korea has been a major player in cryptocurrency, with a tech-savvy population and a regulatory environment that encourages innovation in blockchain technology. By listing on Bithumb, Metis establishes a notable presence in the Korean market, which is home to some of the most enthusiastic and engaged crypto communities globally.

Metis’ expansion into South Korea is part of a larger strategic effort to bring in more users from the APAC region by providing decentralized applications (dApps) and innovative blockchain solutions to growing markets in Asia. With the new listing, Metis is poised to attract more developers, users, and investors who are eager to explore the benefits of Metis Layer 2, including faster, cheaper transactions and a more scalable and builder-friendly infrastructure for dApp development.

Looking Ahead

As Metis continues to expand its reach in South Korea and beyond, the community can expect more important developments, partnerships, and initiatives that will further elevate Metis as a leader in the blockchain space.

For those interested in getting involved, check out Bithumb’s platform to trade METIS today and join the growing Metis South Korean community.

Stay tuned for more updates as Metis paves the way for a decentralized future in South Korea and across the globe!