Korea-based bitcoin and cryptocurrency company Bithumb announced today that they will be opening up the exchange to Monero starting on August 23rd. First, on Wednesday, August 23rd, Monero deposit wallet addresses will open.

On August 27th, Monero will be available for trading.

The exchange will be offering a 1% additional premium of XMR on top of any deposited Monero tokens during the deposit period from midnight Wednesday, August 23rd thru Friday, August 25th at noon, Korea Time.

Lastly, to welcome Monero joining the exchange, Bithumb will be rewarding the top 50 biggest traders in terms of volume through midnight August 26th thru August 27th, with 100 XMR on hand to be given out.

Monero is a secure, private, untraceable currency. It is open-source and available to all.

By taking advantage of ring signatures, Monero makes it ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to a particular user.