Bithumb, South Korea’s second-largest crypto trade, will add Canton (CC) to its Korean received market on June 23.
Abstract
- Bithumb will open Canton’s KRW market, giving Korean merchants direct entry to CC on Tuesday.
- CC momentum stays weak, with MACD bearish and RSI under impartial regardless of modest every day positive factors.
- Canton’s protocol change lowers onboarding friction after institutional partnerships expanded throughout Korea and Wall Road.
The trade mentioned deposits and withdrawals would open inside two hours of the discover, whereas buying and selling would begin at 14:00 native time.
The trade will assist Canton by way of Canton Mainnet solely. Bithumb set the reference worth at 234 received and mentioned it might apply its typical buying and selling limits for brand new listings. It mentioned, “Canton (CC) will be added to the KRW market,” whereas warning customers that crypto property carry excessive threat.
Beneath the itemizing guidelines, purchase orders will face a five-minute pause after buying and selling begins. Promote orders may also face a five-minute worth band linked to the reference worth. For about two hours after launch, Bithumb will permit restrict orders solely.
Canton attracts Wall Road and Korean consideration
Canton (CC) is the native token of Canton Community, a blockchain constructed by Digital Asset for privacy-focused tokenization, buying and selling and settlement. The mission targets establishments that want blockchain settlement whereas maintaining chosen information non-public.
The community has drawn assist from companies tied to conventional finance, together with Goldman Sachs, Citadel Securities, Tradeweb, DTCC and BNP Paribas. As beforehand reported by crypto.information, Digital Asset raised $355 million in a spherical led by Andreessen Horowitz’s crypto fund, with different backers together with Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, HSBC, Optiver and the Abu Dhabi Funding Authority.
Canton has additionally gained consideration in South Korea. crypto.information earlier reported that Shinhan Asset Administration and Shinhan Funding & Securities signed separate agreements with the Canton Basis to review Korean tokenized property, home guidelines and world market entry. Shinhan’s transfer positioned Canton nearer to South Korea’s rising tokenized finance market earlier than Bithumb’s itemizing.
The community additionally appeared in current stablecoin protection. As crypto.information reported, Visa examined stablecoin settlement on Canton utilizing Brale’s SBC token. The take a look at checked out whether or not establishments might settle on-chain whereas maintaining delicate fee and settlement information away from public view.
Protocol replace lowers onboarding friction
The itemizing follows a contemporary Canton Community protocol replace. Canton Community mentioned, “CIP-0119 approved,” including that switch preapprovals now embrace a free 90-day base length.
The change addresses a sensible onboarding challenge for brand new customers. Canton Community mentioned the replace removes the “bootstrapping problem for new participants who needed CC to receive CC.” It additionally mentioned customers would face customary visitors prices solely, with no additional CC charges required for onboarding.
This replace arrives as exchanges and establishments examine how you can assist Canton Coin transfers. Digital Asset’s personal trade integration information says platforms can begin with Canton Coin deposits and withdrawals, then add broader assist for Canton Community tokens later.
Canton worth and indicators keep tender
Canton traded at $0.153908 on June 23, based mostly on crypto.information market information. CC rose 1.95% over 24 hours however slipped 0.31% up to now hour. The token stayed down 6.56% over seven days and 5.36% throughout the previous month.
The identical information confirmed 24-hour quantity at $10.65 million, with worth motion between $0.149594 and $0.154728. Canton ranked nineteenth by market worth, with a market cap close to $5.98 billion. Its all-time excessive stays $0.194152, set on Feb. 3, whereas its all-time low stands at $0.059024 from Dec. 6, 2025.
Technical indicators present weak momentum regardless of the Bithumb itemizing information. The MACD histogram stood close to -0.00128, with the MACD line under the sign line. RSI stood at 45.99, under its shifting common of 51.26, which reveals consumers haven’t regained management.
The symptoms don’t present heavy promoting stress. RSI stays above oversold ranges, and MACD sits near the zero line. For now, the setup factors to consolidation until RSI strikes again above 50 and MACD turns optimistic once more. Stronger spot demand can be wanted to substantiate a clearer shift.
Disclosure: This text doesn’t symbolize funding recommendation. The content material and supplies featured on this web page are for academic functions solely.
