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South Korean crypto exchange Bithumb will issue it's own token


Kargai

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Exchanges issuing their own coins is not a new thing, Binance and Kucoin already have their owns. But now it's the turn of Bithum to do the same, it's one of the major exchanges in South Korea.

The coin will be simply called "BITHUMB Coin".

For now few details have emerged about it (we still don't know when they will launch the ICO, how much coins will be available in total, ...) but what we know is that they probably will not target individuals but bigger investors. And the ICO will be conducted outside South Korea since it's illegal to do it there (probably in Singapore).

Source : https://www.econotimes.com/South-Korean-crypto-exchange-Bithumb-to-issue-its-own-token-1262698

What interest me more is to know what will be the usage of the coin. Binance offer you to pay trading fees with their own and Kucoin pay you some dividend of coins for you to hold theirs. So let's see and wait ...

  • 2 months later...

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