Bithumb Exchange Launches Platform for Russian Users

The South Korean exchange Bithumb enters the Russian market. As part of the global expansion strategy, Bithumb Global launches a trading platform for Russian-speaking users with support for all services in Russian.

Founded in 2014, Bithumb is the largest cryptocurrency exchange in South Korea. Now the number of users registered on the exchange reaches 8 million, about a million people use its mobile application, and the total volume of transactions currently exceeds 1 trillion US dollars. More than 300,000 unique visitors visit Bithumb every day, and the average transaction volume per day exceeds one billion US dollars.

“Russia is one of the largest economies in the world and an important investment market. Many Russian bitcoin investors have been working on the cryptocurrency market since the first years of its existence, ”said Javier Sim, co-founder and managing director of Bithumb Global. “Therefore, Russia has become one of the first countries with which we began our global expansion.”

59.19% of the total volume of transactions in the BTC of the South Korean market, which is about 15% of the world market, passes through Bithumb. The maximum daily volume of transactions on the exchange exceeds 7 billion US dollars.

One of the features of the Bithumb Global platform is the possibility of stage investment (Staging). This is a safer and more reliable way to support young blockchain projects than primary exchange offerings (IEO). Unlike exchange token sales, Staging allows investors not to invest fiat or cryptocurrency assets in tokens of little-known projects. Instead, they place a bet denominated in tokens or cryptocurrency as a sign of their interest in the project. The rate will provide them with the opportunity to receive rewards in the form of project vouchers that will be randomly distributed among investors at the end of the stage. Vouchers can be exchanged for project tokens while receiving the delivered tokens or cryptocurrency back. Javier Sim notes:

“Thanks to Bithumb Global, Russian-speaking users will be able to access high-quality projects that have been listed on Bithumb Global, including Russian ones, and to strong local communities. I see great potential in this market. ”

The goal of Bithumb Global is to provide the international market with channels of interaction with the active Bithumb community, innovative financial services and advanced technologies used on the exchange, such as, for example, an improved order approval mechanism based on its own patented technology and advanced algorithms, as well as optimized UX / UI

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Bithumb Global is currently launching the Bithumb Global Affiliate Program. The program allows regional players to take part in the work of local exchange platforms Bithumb Global. The criteria that must be met in order to become a global Bithumb partner will be rigorous and selective. Benefits for Bithumb global partners include support from Bithumb Global, the exchange of liquidity and order books, the ability to launch projects that will be promoted by all global Bithumb partners, as well as additional benefits.