Bithumb

The post Bithumb Announces The Launch Of Korean Won Trading Pair With Two Altcoins! appeared first on Coinpedia Fintech News Bithumb, the second-largest cryptocurrency exchange in South Korea followed by Upbit has recently announced its new listings. The exchange plans to list the Korean Won trading pair with Arweave (AR) And Ethereum Name Services (ENS). Both the pairs will be opened on 28th May with the Arweave deposits opening at 15:00 UTC+8, whereas ENS will open at 14:30 UTC+8.

The post Bithumb Listing Spikes Up Bonk’s Volume By 36%! appeared first on Coinpedia Fintech News In a remarkable development for BONK, an incredible surge of 36% in its trading volume was recorded as Bithumb announced its listing on the Korean Won market. Trading for Bonk on the Solana network is set to begin from 5 pm today which has cast bullish spells on the coin’s price and volume. The Bithumb listing is pivotal to Bonk as it will now…

Bithumb Korea’s fiscal performance for the year 2023 took a significant hit as it remained unfazed by the improvement in the trading volume that the platform witnessed throughout the year. With a more than 57% decline in annual revenue, dropping from 3.201 billion Korean won in 2022 to 1.358 billion won in 2023, Bithumb’s disappointing figures can be attributed to several factors, including a controversial trading policy to woo retail traders. According to a report by the Korean news platform…

Nexon Group, a video game development company, is set to acquire Korean exchange Bithumb for $457 million. This could end months of speculation about the future of the exchange placed on the market in 2020. Nexon Set for Record Acquisition According to local media, Nexon is positioning itself to purchase a 65% stake in Bithumb for around 500 billion Won ($457 million). Nexon has signed an agreement with Bithumb at the beginning of January but has not finalized the agreement.…

Bithumb is one of the top cryptocurrency exchanges globally in terms of Bitcoin trading volume at this time. The platform was one of the earliest to achieve global recognition. Since its introduction to the market, the exchange has earned a reputation as an advanced, veteran cryptocurrency exchange. Today the platform offers products for both new and experienced traders.  Features of the Bithumb Exchange Bithumb is available as a PC application and a mobile app. The exchange includes an easy to…

Chinese crypto exchange Huobi is set to take over the reins of Bithumb, according to reports. The Korean news outlet, The Bell, revealed today that Huobi had expressed an interest in purchasing Bithumb. Bithumb is the largest crypto exchange in Korea and has been actively looking for a buyer since a takeover deal collapsed in September.  The report further says that Huobi could take a majority stake in the Korean exchange. It is also understood that shareholders of Bithumb parent…

Chainalysis, the blockchain analytic company, announced the successful deployment of its investigations solution, Chainalysis Reactor, with Bithumb Exchange.  The announcement follows the South Korean National Assembly’s vote last week in favor of amending the Special Financial Transactions Information Act. The Chainalysis Reactor is an investigation software linking crypto transactions to real-world entities. The feature allows crypto businesses and law enforcement agencies to tackle criminal activities, including fraud and money laundering on the blockchain. In this case, Bithumb will use Chainalysis…

On 26th February, Bithumb Global announced that the exchange would now support Bithumb and Bithumb Global asset transfers. Bithumb, which is South Korea's largest crypto exchange, is looking to expand its global coverage, and the move will help strengthen its connection with Bithumb Global. Users who are subscribed to Bithumb Global with a Bithumb account will benefit from the exchange's new feature. Highlights of the Asset Transfer One of the best highlights of this new feature is that the asset…

South Korea finance officials plan to implement a twenty percent tax on income from cryptocurrencies. Currently, definite laws to tax crypto profits do not exist in the country. A report by Korea Herald stated that the country’s ministry of economy and finance had authorized the office of income tax to look into a taxation plan, which made people speculate that the authorities could classify gains from crypto trading as other income. As per the government official, the finance ministry is…