Bithumb is the largest cryptocurrency exchange in Korea. It’s constantly ranked among the top 10 worldwide crypto exchanges in terms of trading volume. The exchange suggests the lowest commission rates in the world. Bithumb, at last count, was also responsible for about 50% of South Korea’s Ether trading.
When major exchanges list smaller altcoins they commonly pump and dump that is what we can observe at the moment. Nem and Aeternity are listed on Bithumb today which is causing it to pump by around 15% at the moment. Presently the best performing solid gainers one in the top 25 at the moment is Nem, with Aeternity at 27 also growing.
Nem is mainly traded in Asia at the moment with Upbit in KRW leading the way at 25% of the total and Zaif in JPY taking 15%. The volume spike came about some hours ago when it jumped from $16 million to $33 million. Total market cap for XEM is currently $2.3 billion positioning it at 15th in the charts almost level with Tether.
Market capitalization for all cryptocurrencies is up marginally this morning by 1.2% to $348 billion, trade volume is unchanged at $15 billion. Over the past 7 days it has increased 7% from $325 billion this time last Thursday. There are a few other altcoins trading strongly this morning in Asia and they include Aeternity up 15%, Ontology up 8.5%, Zilliqa up 9.5% and Siacoin 8.6% higher on the day.
Aeternity Price at the moment of press: $3,74
Market cap: $871 174 997
Volume (24h): $38 581 200