Bithumb, South Korea’s second-largest crypto exchange, will add Canton (CC) to its Korean won market on June 23.
Summary
- Bithumb will open Canton’s KRW market, giving Korean traders direct access to CC on Tuesday.
- CC momentum remains weak, with MACD bearish and RSI below neutral despite modest daily gains.
- Canton’s protocol change lowers onboarding friction after institutional partnerships expanded across Korea and Wall Street.
The exchange said deposits and withdrawals would open within two hours of the notice, while trading would start at 14:00 local time.
The exchange will support Canton through Canton Mainnet only. Bithumb set the reference price at 234 won and said it would apply its usual trading limits for new listings. It said, “Canton (CC) will be added to the KRW market,” while warning users that crypto assets carry high risk.
Under the listing rules, buy orders will face a five-minute pause after trading starts. Sell orders will also face a five-minute price band linked to the reference price. For about two hours after launch, Bithumb will allow limit orders only.
Canton attracts Wall Street and Korean attention
Canton (CC) is the native token of Canton Network, a blockchain built by Digital Asset for privacy-focused tokenization, trading and settlement. The project targets institutions that need blockchain settlement while keeping selected data private.
The network has drawn support from firms tied to traditional finance, including Goldman Sachs, Citadel Securities, Tradeweb, DTCC and BNP Paribas. As previously reported by crypto.news, Digital Asset raised $355 million in a round led by Andreessen Horowitz’s crypto fund, with other backers including Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, HSBC, Optiver and the Abu Dhabi Investment Authority.
Canton has also gained attention in South Korea. crypto.news earlier reported that Shinhan Asset Management and Shinhan Investment & Securities signed separate agreements with the Canton Foundation to study Korean tokenized assets, domestic rules and global market access. Shinhan’s move placed Canton closer to South Korea’s growing tokenized finance market before Bithumb’s listing.
The network also appeared in recent stablecoin coverage. As crypto.news reported, Visa tested stablecoin settlement on Canton using Brale’s SBC token. The test looked at whether institutions could settle on-chain while keeping sensitive payment and settlement data away from public view.
Protocol update lowers onboarding friction
The listing follows a fresh Canton Network protocol update. Canton Network said, “CIP-0119 approved,” adding that transfer preapprovals now include a free 90-day base duration.
The change addresses a practical onboarding issue for new users. Canton Network said the update removes the “bootstrapping problem for new participants who needed CC to receive CC.” It also said users would face standard traffic costs only, with no extra CC fees required for onboarding.
This update arrives as exchanges and institutions study how to support Canton Coin transfers. Digital Asset’s own exchange integration guide says platforms can start with Canton Coin deposits and withdrawals, then add broader support for Canton Network tokens later.
Canton price and indicators stay soft
Canton traded at $0.153908 on June 23, based on crypto.news market data. CC rose 1.95% over 24 hours but slipped 0.31% in the past hour. The token stayed down 6.56% over seven days and 5.36% across the past month.
The same data showed 24-hour volume at $10.65 million, with price action between $0.149594 and $0.154728. Canton ranked 19th by market value, with a market cap near $5.98 billion. Its all-time high remains $0.194152, set on Feb. 3, while its all-time low stands at $0.059024 from Dec. 6, 2025.
Technical indicators show weak momentum despite the Bithumb listing news. The MACD histogram stood near -0.00128, with the MACD line below the signal line. RSI stood at 45.99, below its moving average of 51.26, which shows buyers have not regained control.
The indicators do not show heavy selling pressure. RSI remains above oversold levels, and MACD sits close to the zero line. For now, the setup points to consolidation unless RSI moves back above 50 and MACD turns positive again. Stronger spot demand would be needed to confirm a clearer shift.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
