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Korean crypto exchanges Upbit and Bithum shine after Coinbase s Nasdaq debut Posted : 2021-04-15 17:28 By Anna J. Park Major cryptocurrency exchanges based in Korea, including Upbit and Bithumb, are in the spotlight following the successful Nasdaq debut Wednesday of U.S.-based cryptocurrency exchange Coinbase, which closed up 31.3 percent at $328.28 on its first day of trading. Given that Coinbase s market cap was valued at over $87 billion based on the first day s closing price, expectations are mounting over the growth potential and possible increased market valuation of Korea s largest cryptocurrency exchange operator, Dunamu. According to the CoinMarketCap site, Upbit s 24-hour transaction amount stood at $14.5 billion as of 2:10 p.m. Korea time, which is 2.8 times higher than Coinbase s $5.1 billion. Upbit s 24-hour trading volume has constantly ranked among the world s top three lately, far exceeding the U.S.-headquartered crypto exchange. ....
JPMorgan, Binance still tapped as potential buyers of Bithumb koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Bithumb Celebrates 7th Anniversary Aiming to Leap into Customer-oriented Virtual Asset Platform Bithumb Celebrates 7th Anniversary Aiming to Leap into Customer-oriented Virtual Asset Platform Bithumb Korea (Bithumb, CEO: Heo Back Young), the top virtual asset exchanges in Korea, marked the 7th anniversary of its establishment. With the largest customer base and liquidity as well as expertise in blockchain and virtual assets in Korea, Bithumb is accelerating to leap into a digital financial platform. Celebrating its 7th anniversary on January 5, Bithumb announced its achievements accomplished during the past 7 years. As of the third quarter last year, the number of subscribers of Bithumb exceeded 5 million in accumulation, the largest number of members among crypto exchanges in Korea. The number of customers who visited Bithumb reached 5.77 million in August 2020 alone (based on the ˜Report on Traffics at Virtual Asset Exchanges published by Etherlab). Its liqu ....
Vidente denies partnership with Nexon for Bithumb takeover Posted : 2021-01-08 16:35 By Park Jae-hyuk Vidente, a major shareholder of Bithumb Korea, has denied news reports that the company is in talks with Nexon to jointly take over a controlling stake in the cryptocurrency exchange operator, according to a regulatory filing Friday. Local news outlets reported Thursday that Nexon founder Kim Jung-ju had joined hands with Vidente to acquire the managerial rights of Bithumb Korea from Bithumb Holdings for about 500 billion won ($457 million). The reports said Kim signed a memorandum of understanding with the seller earlier this month, so that Nexon s holding company, NXC, could buy a 65 percent stake in the exchange operator. ....