Bithumb Expands Virtual Asset Alert System

Bithumb announced on the 6th through a notice that it would reorganize its alert system to strengthen market soundness and protect investors. For five types of issues, such as rapid price fluctuations or unusual trading activities, alerts will be displayed in three stages: [Caution]-[Warning]-[Risk], and will be shown on both PC and mobile screens.

However, Bithumb stated that it would keep the exact detection criteria and exception conditions private to prevent misuse and circumvention. Global price difference alerts are based on CoinMarketCap data, and newly listed trading assets are excluded from rapid price, trading volume, and deposit volume surge alerts for one day after listing. Additionally, large-cap assets with a market capitalization of KRW 1 trillion or more are excluded from alerts for concentrated trading by a small number of accounts.

Bithumb added that assets might be excluded from alerts if investor confusion is a concern, such as when trading volume or price fluctuation falls below the standard.