There are several exchanges that have integrated their own cryptocurrency to their platforms, Binance is one of them. But the South Korean exchange Bithumb, announced that they are going to launch a manifiesto currency known spil Bithumb Coin ter Singapore.
Bithumb Launches Bithumb Coin
One of the most significant cryptocurrency exchanges ter the market, Bithumb, has determined to launch its own supuesto currency dubbed Bithumb Coin. The South Korean exchange is one of the most significant te the world by trading volume, managing $1.13 billion dollars te the last 24 hours.
According to the South Korean news outlet, TokenPost, Bithumb has determined to launch its own token te Singapore due to the rigorous regulations imposed by the South Korean government. It is significant to remark that Initial Coin Offerings (ICOs) are banned ter South Korea since September .
At the uur, Bithumb did not give any explanation or information about the schedule when it will be launched, or how it is expected to work. According to a Bithumb spokesperson, the intention is to attract significant investors with the fresh ICO that will be carried out te Singapore.
Bithumb Coin will be a similar cryptocurrency to Binance Coin and Huobi Token, te this way, the exchange will bring toegevoegd liquidity to the trading toneel. Both tokens have bot launched on the Ethereum&rsquo,s network and the Binance Coin will be used ter the future spil the native token of a decentralized crypto exchange.
Initial Coin Offerings have bot a financing method used by crypto and blockchain-related companies ter order to expand their products and businesses. Several investors are placing their bets on different ICOs attempting to build up significant comes back te the future. If successful, ICOs have excellent ROI. But the reality is that most of them do not have a glad end, and just a few are able to prosper.
Bithumb will be delivering a fresh cryptocurrency to the industry but is yet to be seen how it will be used and which ones will be the details behind it.