Bithumb, South Korea's second-largest cryptocurrency exchange, has announced the listing of the BASED/KRW trading pair, exclusively supporting the Ethereum network. Trading is scheduled to commence on April 21, 2026, at 17:00 local time, with an initial reference price of 167 KRW. The move expands Bithumb's spot offerings, particularly targeting community-driven token projects.
Trading Details and Network Restrictions
According to the official announcement, user deposits for BASED require 33 network confirmations before being credited. The exchange explicitly stated that deposits from other networks (such as BSC or Solana) will not be supported. Any BASED tokens transferred via non-Ethereum chains will be deemed invalid. This strict network restriction helps avoid cross-chain bridge risks and ensures transaction security and settlement efficiency.
Market Performance of BASED Token
At press time, the BASED token price showed a -2.83% intraday decline, while Ethereum (ETH) recorded a slight drop of 0.45%. BASED, as a community concept token, tends to experience high volatility. Listing on a major exchange is generally considered a short-term catalyst, but the ultimate direction depends on overall market sentiment and project fundamentals. Notably, Bithumb's Korean won trading pairs often attract significant retail capital from local investors.
Deposit and Trading Instructions
Apart from network limitations, users should note that the trading pair is quoted only in KRW, without stablecoin equivalents. Bithumb advises users to verify that the deposit address is in Ethereum format before transferring to avoid irreversible loss. The initial price of 167 KRW is a reference only; the actual opening price will be determined by market supply and demand. The Korean crypto community has reacted positively, with some traders expecting increased liquidity for BASED on Bithumb.