Bithumb Global Crypto Currency Exchange Review
Bithumb, Major South Korean Crypto Exchange Announces Plans To Launch Decentralized Trading Platform In Coming Months.
In the wake of Binance, Bithumb decided to expand its operations internationally by launching DEX outside of South Korea. One Root Network (RNT), which has experience in creating a similar project, is helping in the development of the future platform..
Sources close to the management of the crypto exchange say that the launch of the decentralized platform should take place before 2019, and they plan to achieve a global presence in the medium term..
Despite the fact that Bithumb is in the top 10 crypto exchanges in terms of trading volume, the majority of its participants are Koreans. This hinders the desired growth, so the company decided to change its development strategy. Although trading on decentralized exchanges is more difficult than on classic ones, due to past hacks, such a model may be a more promising option for users..
The government of the country also seeks to follow global trends and is considering the issue of legalizing ICO.
text: Sid Nietzsche, photo: es.crypt