Today, Bithumb, one of the biggest Korean cryptocurrency exchanges, announced that VeChain (VEN) is going to be listed on their exchange.
Bithumb is not just listing any coin, they currently only have 13 different trading pairs with VeChain upcoming as the 14th. Because Bithumb is so selective about what they list, a lot of attention is bound to come upon Vechain following this news.
According to Coinmarketcap, Bithumb currently has a 24-hour trading volume of ~365,000,000 USD with EOS making up around 32.5% of that volume.
In the past, a listing of a new cryptocurrency on a Korean exchange has caused other Korean exchanges to follow suit, so there is a chance that Vechain will be listed on more than just one Korean exchange. This is of course not confirmed, just speculation.
To celebrate the listing of VeChain (VEN), Bithumb is doing an airdrop event for its users. Users who have a certain amount of trading volume within an event period will be rewarded with an amount of VEN. See chart below for further details
Rewards will be paid the 20th of April 2018.
A payback system has also been set in place which gives users 1-2% payback on deposits and transactions of VEN depending on the amount deposited/transacted.
To start off with, this VEN listing is only going to be available through Bithumb Pro, but will later be available for all Bithumb users.
In the last 24 hours, the price of VeChain has surged almost 20% because of this announcement, now valued at $2.63.