South Korea’s second-largest cryptocurrency alternate, Bithumb, introduced as we speak that it is going to be itemizing Euler (EUL) on its spot buying and selling platform.
The announcement comes because the Euler community continues to achieve traction within the decentralized finance (DeFi) house, attracting consideration from main exchanges and attaining report ranges of whole worth locked (TVL).
Bithumb Itemizing Triggers Double-Digit Rally For EUL
Euler is a decentralized finance (DeFi) protocol on the Ethereum (ETH) community that lets customers lend, borrow, and commerce crypto belongings. Its governance token, EUL, is used for voting and ecosystem incentives.
In response to the announcement on Bithumb’s official web site, EUL shall be obtainable to commerce in opposition to the Korean Gained (KRW). The alternate notified its customers that buying and selling will start at 5:00 PM Korean Commonplace Time (KST).
The alternate confirmed that EUL shall be supported solely on the Ethereum community. The reference value for the itemizing has been set at 12,930 KRW.
“In compliance with the Journey Rule, deposits and withdrawals are supported solely by way of digital asset service suppliers (VASPs) exchanges supported by Bithumb. If belongings are deposited by way of an alternate not included within the record of supported exterior exchanges, the deposit is not going to be processed, and it might take a very long time to return the unprocessed deposit,” Bithumb added.
Euler’s itemizing provides one other altcoin choice for South Korean traders at a time when home exchanges are competing to diversify their choices. In the meantime, as noticed with many altcoins, EUL additionally noticed a value leap after the announcement.
Market knowledge confirmed the worth surged almost 44% from $9.6 to $13.8. As of press time, it has stabilized at $12.7, reflecting a 31.55% acquire.
Euler (EUL) Worth Efficiency. Supply: TradingView
The worth pump additionally positioned EUL as the highest gainer among the many prime 300 cryptocurrencies on CoinGecko. Moreover, the buying and selling quantity rose 251% to $8.5 million. HTX accounted for almost all of this exercise.
The itemizing is one other milestone for EUL and got here almost a month after the main US-based alternate, Coinbase, additionally added buying and selling help for the altcoin.
Apart from the worth, the community itself has seen substantial development. Information from DefiLama revealed that Euler’s TVL reached a brand new all-time excessive (ATH) of $1.52 billion as we speak. This represents a virtually 15-fold improve for the reason that starting of 2025.
EUL Complete Worth Locked. Supply: DefiLama
Monetary metrics additional spotlight Euler’s momentum. Token Terminal knowledge indicated that the protocol’s income and costs have grown over 500percentin 2025, reflecting sturdy person adoption. With sturdy community development, rising monetary metrics, and growing alternate help, EUL continues to draw consideration as one of many extra dynamic altcoins in 2025.
The publish Bithumb Debut Sends Euler (EUL) Costs Up 44% Amid DeFi Growth appeared first on BeInCrypto.
