Bithumb and Bithumb Global held the 'Bithumb Family Conference' in Seoul on Nov 6 and at the same time has unveiled the Bithumb Family and its first public chain, Bithumb Chain.
Choi Jae-won, CEO of Bithumb Korea, a Bithumb operator, said, "Bithumb has grown into a global cryptocurrency exchange for the past five years, and it is right time to leap on to the next level.
CEO officially mentioned through the video in the conference why he created the Bithumb family, the reason why he changed its name from Bithumb.com to Bithumb Korea.
The Bithumb family, which was unveiled on the day, is composed of 14 strategic partners in 8 business market, mainly Bithumb Korea and Bithumb Global. 14 partners including▲ Bithumb (Exchange) ▲ Bithumb Global (Exchange) ▲ Bithumb Singapore (Exchange) ▲ Bithumb Chain (Chain) ▲ Bithumb Wallet (Chain) ▲ BTC Investment (Blockchain Economy) ▲ BTC One (Blockchain Economy) ▲ Series One (Securities Type Token Issuance, STO) ▲ Code Box (STO) ▲ Bithumb Ortus (Overseas Trading, OTC) ▲ Bithumb Dex (Decentralized Exchange) ▲ Cross Angle (Research) ▲ INVAULT ▲ VaulTrust .
One of the Bithumb officials said, "Except for Cross Angle, all partners include equity relationship with Bithumb."
Bithumb is planning to divide domestic(Korean) and overseas businesses through the Bithumb family.
For example, VaulTrust is responsible for the domestic business of the custudy service, and Involt is responsible for the overseas business. INVAULT, in particular, focuses on the Asia-Pacific region.
The exchange will also be divided into Bithumb Global and Bithumb in Korea. But it left some space for Bithumb's overseas expansion. Han Sung-Hee, chief operating officer of Bithumb Korea, said, “Global market is a space where Bithumb Global can do better than Bithumb.
The Bithumb Chain was also unveiled at the event. "The Bithumb Chain is a back-end system that provides functionality similar to the mainnet," said Xavier Sim Bithumb Global Co-Founder. The EaaS service can be used to create a decentralized blockchain trading system.