Bithumb Adds Filecoin KRW Pair, Boosting Trading Options

• Bithumb introduces Filecoin (FIL) trading against KRW, boosting accessibility for South Korean traders seeking decentralized storage solutions.
• The Filecoin ecosystem grows with new Bithumb listings and technological advancements like Fast Finality, enhancing network efficiency and scalability.

Bithumb, South Korea’s second-largest crypto exchange, has announced the addition of a new Filecoin (FIL) trading pair against the Korean won (KRW). This marks a significant milestone for the platform, as it continues to expand its offerings in response to growing market demand.

Starting Monday, January 6, 2025, trading for the FIL/KRW pair will go live at 4:00 PM local time, giving South Korean traders immediate access to Filecoin using their local currency. The action is expected to improve liquidity for FIL inside the area, hence satisfying growing demand for decentralized storage options.

Filecoin Gains Momentum with Bithumb’s Strategic Listing 

A blockchain-based decentralized storage solution, Filecoin has been attracting attention in the crypto community.

Supported by increasing on-chain measures such as open interest and total value locked (TVL), analysts have underlined its possibility for significant expansion. These signs show not only increased activity inside the Filecoin network but also a positive sentiment among dealers.

The timing of this listing fits Bithumb’s approach to increase its trading pairs and give users a varied portfolio of cryptocurrencies. Having 342 trading pairs and over 334 supported cryptocurrencies, Bithumb has become a significant participant in the worldwide crypto market.

Fil/KRW’s integration enhances the strong offers of the exchange and can draw more users eager to investigate decentralized storage solutions via Filecoin.

Furthermore noteworthy is the fast-changing Filecoin ecosystem. Over 60 teams—including those working on decentralized storage, artificial intelligence, Decentralized Physical Infrastructure Networks (DePIN), and Web3 infrastructure—are actively working on projects inside Filecoin’s network, according to CNF.

Recent technical improvements, such as the Fast Finality upgrade, which drastically cut Filecoin’s finalizing time from hours to minutes, help to assist these initiatives. This development increases the scalability and efficiency of the network, thereby appealing to consumers as well as developers.

Meanwhile, FIL is swapped hands at about $6.16 at the time of writing, up 8.92% over the last 24 hours and up 22.42% over the last 7 days. This increase in value shows more attention after Bithumb’s announcement.