Bithumb Lists RED & NIL, Triggers Price Surge

South Korean crypto exchange, Bithumb announced the addition of Redstone (RED) and Nilion (NIL) to the KRW market today, leading to a surge.

Written by Ritu Lavania

Fact checked by Harsh Chauhan

Last Updated Mar 25, 2025, 07:34 UTC

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South Korean crypto exchange, Bithumb announced the addition of Redstone (RED) and Nilion (NIL) to the KRW market today, leading to a surge in the market prices for the tokens.

Bithumb Lists Redstone ($RED), Nilion ($NIL)

Redstone will be listed on the KRW market with trading starting at 4:00 PM KST on Tuesday, March 25, 2025. The token will be supported on the Ethereum network, and deposits via other networks are not supported. Deposits and withdrawals will begin within 3 hours from the notice, with a base price of 892 KRW. Additionally, a total of 33 deposit confirmations are required for $RED.

Nilion will be listed on the KRW market with trading set to begin at 7:00 PM KST on Tuesday, March 25, 2025, though this may change depending on liquidity availability. The token will be supported on the Nilion network, and deposits via other networks are not supported. Deposits and withdrawals will start within 3 hours from the notice, with a base price of 1,044 KRW, and 15 deposit confirmations are required for $NIL.

Following its listing on the Bithumb, Redstone surged by over 10% in a short period and is currently priced at $0.6851, marking a rise of more than 15%. The market capitalization of RED has increased by 15%, reaching $192.29 million. Additionally, the 24-hour trading volume of RED has soared by 142%, now standing at $63.89 million.

NIL also saw a near 10% increase in a short time and is currently quoted at $0.7567, following a slight dip.

The market cap of NIL is $147.7 million, and its 24-hour trading volume has skyrocketed by 4,400%, reaching $589.22 million.

Also Read: Upbit Lists Orca (ORCA) Trading on KRW, BTC Leading to a Surge

Written By Ritu Lavania

Ritu Lavania is a Crypto Journalist at CryptoNewsZ with over three years of experience. She focuses on deep research and clear, honest reporting. She specializes in breaking news and regulatory updates. Ritu tracks how new laws impact the digital asset market. She also follows emerging trends like AI-driven blockchains and Web3 tech. As an active member of the crypto community, she regularly tests new dApps and wallets. Ritu’s goal is to provide fast, easy-to-read news that helps readers stay ahead in the fast-moving crypto world.

Fact Checked By Harsh Chauhan

Harsh Chauhan is a Senior News Editor at CryptoNewsZ. He has spent years reporting on the digital economy. He focused on DeFi, NFTs, AI, and digital asset developments. Harsh has a BBA in Marketing and a Blockchain Foundation certification. He does more than just share news. He uses on-chain data to explain Bitcoin ETFs and tokenized assets. Harsh is also a hands-on user. He has been staking and trading NFTs since 2021. His work helps readers understand a complex market with simple, data-backed facts.

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