“Bithumb is hosting an event to celebrate being ranked first in the domestic cryptocurrency exchanges’ liquidity index last month.
Bithumb will conduct two special events until the 9th, offering opportunities to experience its liquidity effects and receive benefits. The first event is a ‘Liquidity Comparison Review’ writing event. Participants need to trade using the same conditions on Bithumb and other exchanges, compare their order book screens, and upload a review in the form of a video or photo on social media. Those with outstanding content will receive up to 10 million KRW worth of Bitcoin (BTC), and the first 1,000 participants will get 10,000 KRW as a reward.
The second event is a hands-on experience of Bithumb’s top liquidity effect. By clicking ‘Experience Liquidity Directly’ on the event page and executing buy and sell orders at market prices on Bithumb, participants can receive benefits based on their transaction amounts. A transaction amount of 1 million KRW or more will give a benefit of 5,000 KRW, and an amount of 10 million KRW or more will yield 10,000 KRW.
Liquidity is one of the key indicators for determining trading stability. The higher the liquidity, the more substantial the buy and sell order books are, increasing the likelihood of transactions being executed at the desired prices with less market impact, thus providing a stable trading environment. According to the cryptocurrency data analysis firm Kaiko, Bithumb ranked first among Korean cryptocurrency exchanges in terms of order book depth, a representative liquidity indicator, throughout March. The ranking was based on the order book volume within +/- 0.1% of the average daily price for each cryptocurrency.”