The post Bithumb to add JitoSOL (JTO) and EtherFi (ETHFI) Korean won markets appeared on BitcoinEthereumNews.com.

Bithumb, the largest South Korean crypto market, will add pairs for JTO and ETHFI tokens. The exchange listing is expected to bring new liquidity to the Solana and Ethereum services.  The announcement of the market listings of JitoSOL (JTO) and EtherFi (ETHFI) on Bithumb is seen as a move to access direct liquidity in South Korean won. Bithumb records $475M in daily volumes with the Korean Won as its primary currency. The exchange has been relatively conservative in listing new assets, which is most evident in how it carries a selection of tokens that does not reflect the latest trends in crypto.  The new listings coincided with Korea Blockchain Week, a high-attendance event showcasing the most active ecosystems in 2024. However, it has been hard to generate enthusiasm for token listings in an otherwise subdued market.  Jito, EtherFi lead the way in liquid staking  The addition of JTO and EtherFi tracks the high level of activity for both protocols. Jito and EtherFi lock in value from their respective networks, becoming key projects for Solana and Ethereum, with great potential influence due to their value locked.  As of September 5, Jito holds about $1.75B in its liquid staking protocol. Jito also remains instrumental in building Solana blocks in exchange for priority fees and tips. As a result, Jito receives $2.8M in weekly fees, with more than $100M over the last quarter. The effect of meme tokens put the Jito validator to the forefront, while also expanding its presence as a Solana liquid staking profile.  The new market will give exposure to JTO, possibly linking investors to the wider Solana market. The JTO market price may reflect the growth of liquid re-staking on Solana, as JitoSOL expands its activity.  Etherfi is one of the high visibility liquid staking projects, drawing in $5.77B…

---

Filed under: News - @ September 5, 2024 11:23 am