Bithumb Is Developing Its Own Blockchain Network
Bithumb, one of South Korea‘s largest cryptocurrency exchanges and also gaining a prominent place in the global market, is preparing to launch its own blockchain network.
Bithumb will launch its own blockchain Bithumb Chain. It was announced today during the first Bithumb Family Conference in Seoul. Bithumb aims to build global financial ecosystem that will include CEX, DEX, OTC desk, Bithumb Wallet, Bithumb STO, research and custody services. pic.twitter.com/ZSIOegyXw9
— ICO Analytics (@ICO_Analytics) November 6, 2019
Bithumb Chain Announced
In fact, Bithumb’s initiative is not considered the first, and it had previously announced that Binance, as well as other cryptocurrency exchanges, would either take a similar step or take it. The announcement at the Bithumb Family Conference event highlighted that the blockchain network, the Bithumb Chain, will soon be ready and launched.
The cryptocurrency’s own network will offer Central stock exchange, over-the-counter stock exchange, Bithumb Wallet, Bithumb STO (Securities Token Supply Platform), research and storage services and serve as a fully equipped ecosystem for cryptocurrency investors.
Bithumb announced the continuation of expansion plans about a month ago and emphasized that it could soon be opened to the Indian market with great potential. In addition, it is expected that these initiatives of the stock market, which was recently acquired by the BK Consortium, will continue for some time