Bithumb to Add Metaplex (MPLX) and Nexus (NEX) for KRW Trading on July 3

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Bithumb to Add Metaplex (MPLX) and Nexus (NEX) for KRW Trading on July 3

South Korean cryptocurrency exchange Bithumb has announced it will list two new tokens — Metaplex (MPLX) and Nexus (NEX) — for trading against the Korean won (KRW). The listings are scheduled for July 3, 2025, with MPLX trading opening at 6:00 a.m. UTC, followed by NEX at 9:00 a.m. UTC.

Details of the New Listings

Bithumb, one of South Korea’s largest digital asset exchanges by trading volume, confirmed the upcoming listings through its official announcement channel. The exchange will support both deposit and withdrawal services for the tokens shortly before trading begins. Standard trading fees will apply, and the exchange has not indicated any special promotional events tied to the launch.

Metaplex (MPLX) is the native token of the Metaplex protocol, a decentralized platform built on the Solana blockchain that enables creators and developers to launch and manage non-fungible tokens (NFTs). Nexus (NEX) is the token powering the Nexus Network, a blockchain infrastructure project focused on decentralized data storage and computation.

Market Context and Implications

Listings on major Korean exchanges like Bithumb often generate increased trading activity and price volatility for the newly added tokens. South Korea’s crypto market is known for its retail-driven momentum, and KRW trading pairs typically see higher liquidity compared to USDT or BTC pairs on international exchanges.

For investors, the addition of MPLX and NEX provides direct fiat on-ramp access through a regulated exchange, potentially broadening the token holder base. However, traders should be aware of typical listing-day volatility and the possibility of rapid price swings immediately after trading opens.

Regulatory and Compliance Notes

Bithumb operates under South Korea’s strict financial regulatory framework, requiring listed tokens to undergo internal review for compliance with anti-money laundering (AML) and know-your-customer (KYC) standards. The exchange’s decision to list both tokens suggests they have met these requirements.

Conclusion

The addition of Metaplex and Nexus to Bithumb’s KRW trading pairs marks a notable expansion of the exchange’s altcoin offerings. Traders and investors should monitor the scheduled trading times and prepare for potential market movements. As always, due diligence and risk management remain essential when trading newly listed assets.

FAQs

Q1: What time will Metaplex (MPLX) start trading on Bithumb?
MPLX trading is scheduled to open at 6:00 a.m. UTC on July 3, 2025.

Q2: What is the difference between MPLX and NEX?
MPLX is the token of the Metaplex protocol, which focuses on NFT creation and management on Solana. NEX is the token of the Nexus Network, a decentralized data storage and computation platform.

Q3: Are there any special fees or promotions for these listings?
Bithumb has not announced any special promotions. Standard trading fees will apply for both tokens.

This post Bithumb to Add Metaplex (MPLX) and Nexus (NEX) for KRW Trading on July 3 first appeared on BitcoinWorld.