The largest South Korean bitcoin exchange will launch Bithumb focused on the global market for decentralized stock exchange, reports BusinessKorea.
Start Bithumb DEX is expected by the end of this month. The new trading platform will be the international arm of the company.
Technical assistance Bithumb in the creation of a platform having the blockchain startup One Root Network. The latter already has its own decentralized exchange, token native which is traded under the symbol RNT.
According to the company, the new trading platform is part of the plan Bithumb to take a leading position in the global cryptocurrency market on the background of the problems with business development in the domestic market and regulatory challenges.
We will remind, as a result of breaking this summer Bithumb was stolen, the cryptocurrency 35 billion KRW (approximately $31 million at the time). Since the regulation of the cryptocurrency industry in South Korea gradually increased, and last month it became known that the exchange Bithumb and Coinone closes the withdrawal of Fiat for unverified traders.
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