Bithumb announced Plazma Altcoin listing

Bithumb, one of South Korea's largest cryptocurrency exchanges, has listed the **Plazma (XPL)** altcoin, which investors closely follow. However, the altcoin's listing began with a drop on **September 29, 2025**. According to **CoinGecko** data, this new altcoin has fallen to **$1.34**, losing 11.4% of its value in the last 24 hours.

Bithumb announced that deposit and withdrawal operations for Plazma will commence within **3 hours** from the time of the announcement. However, the most important point to note is that **XPL** deposit operations can only be made via the **Mainnet** network. The exchange warned investors against making transfers from different networks.

Plazma (XPL) will be traded against the **South Korean Won (KRW)** parity. Investors will be able to buy and sell in the **XPL/KRW** trading pair after the listing. Transactions will begin on **September 29** at **19:00**. The opening price has been set at **2,034 won**. To ensure a secure trading environment, Bithumb will restrict buying operations for the first **5 minutes** after listing. Additionally, orders for selling operations will be prevented for prices below 10% and above 100% of the initial price.

Furthermore, it was announced that no transaction fees would be charged for Plazma (XPL) between **September 29, 19:00 and October 1, 19:00**. This situation could provide a great opportunity for investors. In this process, which began with a decline, critical points that investors should pay attention to include the altcoin's performance on the planned trading date and market reactions.