The South Korean exchange Bithumb enters the Russian market. As part of a global expansion strategy, Bithumb Global launches a trading platform for Russian-speaking users. A platform with support for all services in Russian.
Founded in 2014, Bithumb is the largest cryptocurrency exchange in South Korea. Now the number of registered users reaches 8 million. Its mobile application is used by about a million people. And the total volume of transactions currently exceeds 1 trillion US dollars. More than 300,000 unique visitors come to Bithumb daily. And the average transaction volume per day exceeds a 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 BithumbGlobal. “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. Which 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 quality projects. Listed on Bithumb Global, including Russian, and to strong local communities. I see great potential in this market. ”
BithumbGlobal’s mission is to provide the international market with channels for engaging with an active community. Innovative financial services and advanced technologies used on the stock exchange. Such as, for example, an improved mechanism for coordinating orders created on the basis of our own patented technology and advanced algorithms, as well as optimized UX / UI.
Global affiliate program
BithumbGlobal is currently launching the Bithumb Global Affiliate Program. The program allows regional players to take part in the work of local exchange platforms. The criteria that must be met in order to become a global Bithumb partner will be rigorous and selective. Benefits for 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 partners. as well as additional benefits.