Key Points

Bithumb will launch the REZ/KRW trading pair today.
After the exchange’s announcement, REZ price spiked significantly.

Earlier today, the second-largest crypto exchange in South Korea, Bithumb, announced the listing of Renzo (REZ), triggering a price surge for the digital asset.

Renzo is a protocol created to manage the re-staking of the EigenLayer. The project’s main features include the following:

Provides an interface to access the EigenLayer ecosystem
Offers security to the middleware infrastructures
Aims to offer higher yields compared to ETH native staking

Renzo Protocol receives ETH from users and operates Ethereum network nodes directly, targeting support for more efficient re-staking for users who re-stake for additional rewards.

Bithumb REZ Listing Announcement

In its official notes, Bithumb announced that it would list REZ on Ethereum to support the KRW market.

The trading start time is scheduled for 4:00 PM, South Korean time, and the base price for REZ will be 24.73 KRW.

The team behind Renzo Protocol also announced the upcoming listing via X, saying that the only Made in America Restaking Protocol welcomes the Korean community.

The only Made in America Restaking Protocol welcomes the Korean Community 👍 https://t.co/WqMra0Ash1

— Renzo (@RenzoProtocol) April 1, 2025

Following the crypto exchange’s listing announcement, the REZ price surged.

REZ Price Surges

Ahead of Bithumb‘s notes, REZ was trading above $0.01, with a market cap of over $35 million. After the crypto exchange announced its upcoming listing, the price of REZ spiked by over 24%, topping $0.02, and a market cap above $44 million.

REZ continued its ascendant trajectory, reaching a market cap above $46 million, before settling to current levels.

At the moment of writing this article, REZ is trading above $0.02, and the digital asset has a market cap of over $43,7 million. REZ is up by over 14% in the past 24 hours following its earlier price spike.