Bithumb Lists IRYS with KRW Pairing — Trading Live from 10:00 UTC
Bithumb, one of South Korea’s largest cryptocurrency exchanges, has listed Irys (IRYS) with a direct KRW trading pair. Trading for IRYS/KRW began at 10:00 UTC today. The direct fiat pairing removes the need for intermediate currency conversions, lowering transaction costs and simplifying access for Korean traders. Bithumb’s listing followed an evaluation of Irys’s technology, team, community support and regulatory compliance. Expected outcomes include higher liquidity and visibility for IRYS in Asian markets, potential price discovery, and increased adoption among local users. Traders should expect elevated volatility during initial trading hours and apply standard risk management. Deposits and withdrawals for IRYS are typically enabled upon listing, and Bithumb’s standard trading fees apply. The announcement signals growing institutional recognition for projects that meet exchange standards and may influence short-term trading flows for IRYS.
Bullish
A new exchange listing with a direct fiat pair typically has a bullish short-to-medium-term effect on a token. Listing IRYS on Bithumb with KRW increases local accessibility and removes friction from trading, which commonly drives higher on-chain and off-chain liquidity. Enhanced visibility on a major Korean exchange can attract retail and regional institutional flows, improving price discovery and raising demand. Historical parallels: tokens listed on major Korean exchanges (e.g., Upbit/Bithumb listings) often experience immediate price spikes and elevated volume, then settle as market participants reassess fundamentals. Short-term impact: higher volatility and possible price uptick driven by listing hype, new entrants, and liquidity. Traders should watch order book depth, deposit/withdrawal status, and spreads. Medium-to-long-term impact: depends on Irys project fundamentals, sustained trading volume, and broader market conditions; if fundamentals and adoption follow, the listing supports sustained demand, but if interest fades, price may retrace. Overall, listing on Bithumb is a positive catalyst but not a guarantee of long-term appreciation—risk management remains essential.