Bithumb Launches Its Own Blockchain and the Bithumb Family Ecosystem

Bithumb Family is a digital financial ecosystem, involving individuals, organizations, and companies working both in the blockchain industry and in the traditional financial sector. The main members of the Bithumb Family are the South Korean cryptocurrency exchange Bithumb, the global digital asset trading platform Bithumb Global, the Singapore trading platform Bithumb SG, the custodian service Bithumb Custody, the decentralized network for creating boxed trading DApps Bithumb Chain, the decentralized trading platform Bithumb DEX, the over-the-counter platform for institutional investors Bithumb OTC, and blockchain solutions service company Bithumb STO.

Bithumb CEO Choi Jae-Won, marketing director Sunny Ng, co-founder and managing director of Bithumb Global Javier Sim held the presentation. The conference was attended by over 300 guests, including representatives of leading exchanges, major blockchain projects, institutional investors and well-known blockchain enthusiasts.

Bithumb CEO Choi Jae-Won, marketing director Sunny Ng, co-founder and managing director of Bithumb Global Javier Sim held the presentation. The conference was attended by over 300 guests, including representatives of leading exchanges, major blockchain projects, institutional investors and well-known blockchain enthusiasts.

Bithumb Chain and EaaS Ecosystem Development

Bithumb Family functions like a modern metropolis with many vital facilities such as schools, offices, hospitals, sports stadiums. The decentralized network Bithumb Chain is the lifeblood of such a blockchain city. It forms the technological base of the financial ecosystem of Bithumb Family, providing a free and fast flow of values in a digitized form between the participants of the ecosystem, at times increasing the liquidity available to the participants of the ecosystem. The platform is powered by a new generation protocol that significantly reduces transaction and transaction costs.

Based on the Bithumb Chain, the Exchange-as-a-Service (EaaS) is available. It helps to create blockchain trading DApps based on the PSP (Profit Sharing Protocol) in one click without the need to launch your own blockchain and engage in the process of developing solutions while maintaining autonomy.

As the transaction protocol underlying the Bithumb EaaS service, the PSP (Profit Sharing Protocol) allows using additional functions that simplify the trading services operation: for example, algorithmic transaction matching, automated calculations and accounting of transactions.

Bithumb Global Company

Bithumb Global is the global division of the leading South Korean cryptocurrency exchange Bithumb, which transaction value exceeds $1 trillion. Bithumb Global's mission is to enable all users from any country in the world to trade, participate, or contribute to the digital asset ecosystem. Bithumb Global's goal is a convenient ecosystem of digital assets with the highest level of security that meets international standards and increased liquidity.