South Korean cryptocurrency exchange Bithumb has launched version 1.0 of its global crypto trading platform. Bithumb Global launched this year in beta to cater to the exchange’s international users. After registering over 1 million users while in beta, the exchange has now launched officially, with upgrades in wallet management, transaction speed, language support and more.
Bithumb has been working with its global community and has acted on the user feedback and suggestions to develop an easy-to-use platform, the exchange stated in its press release. Some of the improvements on the new platform include new ticker boxes which will highlight the top traded tokens, aiding the traders to make more informed decisions.
The web version of the platform also comes with a new simplified trading interface for spot trading. This will allow a streamlined user experience for traders, allowing even the novice traders to easily buy and sell their crypto. The platform also did away with the dual wallet system, allowing the users to make their trades faster.
Bithumb, which is one of the largest exchanges in South Korea, has sought to expand its market beyond the local market as the regulatory environment in the East Asian nation tightens. In August, the exchange entered the Singaporean market through a partnership with Bitholic. With the launch of Bithumb Global, the exchange is seeking to continue with this expansion.
Bithumb Global also revealed that it will be expanding language support to afford its users a native experience, starting with Japanese. Currently, the exchange supports English, Korean and Chinese languages.
Other changes include the inclusion of credit card purchases, a staking feature which will make receiving staking rewards easier and embedded tabs for easier access and decreased clutter.
Bithumb’s international expansion is fueled by the funding it raised earlier this year from Japan’s ST Blockchain Fund. The exchange raised $200 million in April, revealing at the time that it would use the funding to launch new currency trading pairs and expand its operations.
It’s not been all rosy for Bithumb, however. Earlier this year, the exchange announced that it had suffered a $180 million loss for 2018. This was a big contrast to the year prior when the exchange had posted over $350 million in profits. Bithumb is also being prosecuted by a South Korean court for its failure to protect customers’ financial information.
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