South Korea-based cryptocurrency exchange Bithumb has announced that it will list the Phala network ($PHA) against the Korean won (KRW). According to the official announcement, deposits and withdrawals for $PHA will be available within two hours of the announcement.
The exchange announced that transactions would only be supported through the Ethereum network and transfers from other networks would not be accepted. $PHA Trading is expected to begin on Friday, March 20, 2026 at 3:00 p.m., with a reference price of 48.24 KRW. It was also stated that 33 block confirmations are required for the deposited assets to be credited to the account.
Phala Network stands out as a project aimed at providing decentralized cloud computing infrastructure using hardware security technologies. The project specifically targets the protection of sensitive data by integrating artificial intelligence and blockchain technology. THE $PHA the token is used within the network for governance, staking and reward mechanisms.
Bithumb will also implement certain trading restrictions to ensure investor safety in the re-listing. As a result, buy orders will be limited for the first 5 minutes after trading begins. During the same period, sell orders will not be allowed at levels 10% below and 100% above the reference price. Additionally, only limited orders will be valid for approximately the first two hours.
The exchange reminded investors that crypto assets carry high risks and stressed that they should do the necessary research before trading.
*This does not constitute investment advice.