Bithumb

Bithumb, a prominent cryptocurrency exchange in South Korea, boasts a daily trading volume of $205 million as of the latest available data, and an extensive list of over 170 cryptocurrencies for trading.

 

This platform not only accommodates cryptocurrency trading but also supports automated crypto bot trading. It offers a wide array of investment opportunities, caters to institutional investors, facilitates access to significant liquidity pools, and provides clients with the opportunity to earn passive income through deposit programs. Furthermore, Bithumb offers 24/7 customer support and an easy-to-navigate user interface.

 

It's worth noting that Bithumb operates without strict regulatory oversight, but it is actively working towards compliance with international financial regulators such as FIU and FSC. To engage in trading on this platform, users must have a registered account and complete an OTP verification process. Bithumb emphasizes security through a progressive identity protection system (ISMS service), advanced AML verification, and continuous 24/7 trade monitoring.

Since its inception, Bithumb has transitioned from being solely a South Korea-focused exchange to serving the global market. Its overarching goal is to evolve into a comprehensive digital financial corporation built on blockchain technology.

 

For general inquiries, you can contact Bithumb at [email protected]. For listing-related questions, use [email protected], and for partnership inquiries, reach out to [email protected]. Additionally, you can find Bithumb updates on their Medium page: https://medium.com/bithumb-official-blog.

 

The founders of Bithumb include Dae-sik Kim, a South Korean entrepreneur who founded the exchange and served as its CEO until 2018 when he joined Bezant as the Chief Cryptocurrency Officer. Javier Sim, another key figure, is a co-founder and managing director at Bithumb Global Holdings. Prior to his involvement with Bithumb, Sim had a career as an investment banker at HSBC and BOCI (Bank of China International). The current CEO of Bithumb is Back Young Heo.

 

Bithumb's journey began in 2013 when BTC Korea.com Co. Ltd initiated the Asian project, which was officially established in 2014 and headquartered in Seoul, South Korea. Originally known as Xcoin, the exchange was rebranded as Bithumb in 2015. In 2016, the mobile versions for both Android and iOS were introduced.

 

Bithumb primarily serves the South Korean population but extends its services worldwide, with the exception of 21 countries that have failed to comply with the recommendations of the Financial Action Task Force (FATF). These non-compliant nations include Yemen, Syria, Myanmar, Barbados, Iceland, Iran, North Korea, among others.

 

The exchange supports an impressive array of over 180 digital assets and offers trading pairs exceeding 280. Users can trade a variety of cryptocurrencies, including BTC, ETH, XRP, ETC, ADA, DOT, MATIC, BCH, LTC, and more.

Regarding fees, Bithumb imposes transaction fees ranging from 0.04% to 0.25%, with a basic commission rate of 0.15% for trading (either maker or taker fee), based on the total purchase or sale amount. Users may also access lower rates and vouchers through their accounts, and there are no deposit fees.

 

However, it's important to note that Bithumb does not provide leverage or margin trading services.