Impossible Cloud Network (ICNT) Added to Bithumb KRW Market

South Korean cryptocurrency exchange Bithumb has announced the upcoming addition of Impossible Cloud Network (ICNT) to its Korean won market. Trading is scheduled to begin at 5:00 p.m. KST on July 7, 2026, with deposits and withdrawals opening within two hours of the announcement.

ICNT deposits will only be supported on the BASE network; Bithumb said it will not accept deposits made via other networks. The token will have a reference price of 272 KRW at market opening, and 200 deposit confirmations will be required.

According to Bithumb, Impossible Cloud Network is a decentralized cloud infrastructure project that aggregates idle computing resources worldwide to deliver enterprise-grade distributed cloud services at a lower cost than traditional centralized cloud providers, with an emphasis on security. The project has a three-tier structure covering hardware (HP), service (SP), and monitoring (SLA) to streamline performance verification and customized product configurations. Its 'Data Gravity' strategy is intended to build a storage-centric data ecosystem and support an efficient DePIN (Decentralized Physical Infrastructure Networks) model. The ICNT token is used to pay for network resource usage, reward contributors, and participate in staking aimed at strengthening ecosystem security.

Bithumb also outlined temporary trading restrictions for the new listing. For the first five minutes after trading begins, buy orders will be blocked. Sell orders during the same period will be restricted to prices no lower than 10% below and no higher than 100% above the reference price. In addition, only limit orders will be accepted for approximately the first two hours of trading.

In line with South Korea's travel rule requirements, deposits and withdrawals for ICNT will only be supported through other registered virtual asset service providers. Bithumb warned that transfers involving designated restricted exchanges may result in usage limits under its terms of service. The exchange also noted that assets sent from unsupported external platforms may not be credited and could take a long time to return. Bithumb stated that the opening time may be delayed depending on liquidity conditions.