Tagged: bithumb

April 13, 2026 @ 8:14 am By Omar Faridi  |  

South Korea’s central bank has called for the introduction of circuit-breaker systems in the virtual asset market to enhance safeguards against extreme volatility and operational failures. The recommendation appears in the Bank of Korea’s latest Payment and Settlement Trends report, released on April 13, 2026…. Read More

April 9, 2026 @ 2:20 pm By Omar Faridi  |  

South Korea based digital currency exchange Bithumb has reportedly initiated legal proceedings in an attempt to recover Bitcoin (BTC) that had been accidentally / unintentionally distributed to platform users during a surprising event this past February. As per recent media reports from local sources, crypto… Read More

April 2, 2026 @ 7:10 pm By Omar Faridi  |  

Bithumb, one of South Korea’s cryptocurrency exchanges, has pushed its initial public offering (IPO) plans further into the future, targeting a listing no earlier than after 2028. This marks another extension from earlier IPO plans that once eyed a public debut as soon as the… Read More

February 9, 2026 @ 9:17 am By Michael Wong  |  

South Korean cryptocurrency exchange Bithumb’s chief executive apologised to users after a recent Bitcoin overpayment incident, as the platform moved to compensate customers and strengthen internal controls. CEO Lee Jae-won said the company “sincerely apologizes for the concern and inconvenience caused,” adding that Bithumb would… Read More

February 8, 2026 @ 1:55 am By Omar Faridi  |  

South Korea’s cryptocurrency exchange Bithumb inadvertently distributed approximately 620,000 Bitcoins—valued at over $40 billion—to around 695 users during a routine promotional campaign. The mishap occurred when staff mistakenly credited accounts with 2,000 BTC per recipient instead of the intended modest cash prize of 2,000 Korean… Read More

April 22, 2025 @ 7:15 am By Omar Faridi  |  

One of South Korea’s largest digital assets exchanges, Bithumb, is reportedly making significant strides toward an initial public offering (IPO) slated for the second half of 2025. In a strategic move to streamline operations and potentially enhance its valuation prospects, the exchange announced plans to… Read More

March 30, 2025 @ 10:12 pm By Michael Wong  |  

South Korea’s cryptocurrency market continues to grow, with the number of virtual asset investors surpassing 16 million, nearing the total number of stock investors in the country, news agency Yonhap reported. Data submitted to Rep. Cha Gyu-geun of the minor opposition Rebuilding Korea Party indicated… Read More

August 8, 2023 @ 4:09 pm By Omar Faridi  |  

VNX, a Liechtenstein-based company registered by the Liechtenstein Financial Market Authority (FMA), has partnered with Burrito Wallet, which is developed by a subsidiary of Bithumb, a Korean cryptocurrency exchange, to introduce South Korean users “to the digital assets VNX Gold, VNX Euro, and VNX Swiss… Read More

April 26, 2021 @ 11:06 pm By Omar Faridi  |  

Uppsala Security, a provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity revealed on Monday (April 26, 2021) that with assistance from Bithumb, one of South Korea’s leading digital asset exchanges, it has helped a victim to “recover approximately 20 million KRW”… Read More

March 22, 2021 @ 10:55 pm By Omar Faridi  |  

The researchers at Bloqport have confirmed that only a month after launch, the first-ever Bitcoin ETF has reached $1 billion CAD in assets under management or AUM (as of March 20, 2021). Just one month after launch, the first ever #Bitcoin ETF has hit $1… Read More

September 3, 2020 @ 10:07 pm By Omar Faridi  |  

It seems like business as usual at South Korea’s largest crypto exchange Bithumb, as it recently added trading support for Polkadot (DOT) tokens, which now have a market cap of more than $5.6 billion, making it one of the largest digital assets in terms of… Read More

August 21, 2020 @ 3:54 pm By Samantha Hurst  |  

South Korean cryptocurrency exchange Bithumb announced on Friday it has launched a learning platform called “BG Learning.” According to Bithumb, the platform uses the capacity of new investors in the crypto community to make more informed and properly thought out decisions while making investments. The… Read More

July 21, 2020 @ 9:26 am By Samantha Hurst  |  

South Korean cryptocurrency exchange Bithumb announced on Monday the launch of its new smart token, BTCS. The platform now has seven smart tokens, which are ETHS, XRPS, LTCS, BCHS, BSVS, COMPS, and BTCS. According to Bithumb, basic characteristics of the smart tokens are the following:… Read More

May 26, 2020 @ 1:16 pm By Samantha Hurst  |  

South Korean cryptocurrency exchange Bithumb announced on Monday it has appointed Back Young Heo as its new CEO. According to Bithumb, Heo joined Bithumb in 2017 as the head of compliance and prior to Bithumb, worked in traditional finance for 14 years at Citibank, CitiCapital,… Read More

April 15, 2020 @ 11:23 am By Samantha Hurst  |  

South Korean cryptocurrency exchange Bithumb announced on Tuesday it has integrated with blockchain-based digital identification organization, MyID Alliance. Bithumb claims it is the first Korean virtual asset exchange to implement the distributed identification (DID) service performed by the organization. Bithumb Korea will notably participate as… Read More

February 28, 2020 @ 11:37 pm By Samantha Hurst  |  

BitMax.io, a Singapore-registered digital asset trading platform with a global footprint, and Bithumb Korea, a South Korean-based cryptocurrency exchange, recently announced they have formed a strategic partnership to enhance product platform as well as accelerate global expansion. The companies reported that the key terms of the… Read More

January 10, 2020 @ 2:44 pm By Omar Faridi  |  

Bithumb, South Korea’s largest digital asset exchange, might invest over $8 million into the nation’s regulatory sandbox program and ecosystem. Through its subsidiary GCX Alliance, Bithumb’s management has shown intent to invest up to 10 billion Korean won (appr. $8 million) into Korea’s regulatory free… Read More

December 31, 2019 @ 10:34 am By Omar Faridi  |  

The National Tax Service (NTS) of South Korea confirmed that it will be withholding taxes worth an estimated 80.3 billion Korean won (appr. $70 million) from Bithumb, the nation’s largest digital asset trading platform. Bithumb Holdings’ largest shareholder, Vidente, which operates Bithumb’s Korea division, confirmed… Read More

September 25, 2019 @ 12:01 pm By Samantha Hurst  |  

Korean cryptocurrency exchange Bithumb announced on Wednesday it has restructured its mobile web and app to allow users to make transactions with more convenient. Bithumb reported that the purpose of the restructuring was to improve transaction accessibility and to strengthen usage convenience, and it now… Read More

September 23, 2019 @ 3:35 pm By Samantha Hurst  |  

Bithumb Global, the global platform for Bithumb, a South Korea- based digital asset exchange, has announced its plans of coming to India. Bithumb reported that it will now onboard Indian customers with a sign-up incentive along with the opportunity for Indian exchanges to become a… Read More