Bithumb To Open Security Token Exchange
According to the South Korean news agency, Bithumb has partnered with American crowdfunding platform SeriesOne to open a security token exchange in the U.S.
The news agency quoted a Bithumb representative as saying: “SeriesOne actively sought to strike a deal with Bithumb after assessing it as the most suitable partner. Bithumb will ramp up efforts to develop into a global financial firm as the blockchain-based asset tokenization is expected to spread globally down the road."
The security token exchange is expected to be launched at the start of 2019, with Bithumb providing investment and technical support. Earlier, Bithumb announced its plan to launch a global decentralized crypto platform. The South Korean company is currently the number one crypto exchange, with a 24 hour trade volume of $1.7 billion, according to CoinMarketCap.