Bithumb Exchange will issue its own token

The largest South Korean crypto-exchange Bithumb plans to release its own token.

Since South Korea has a ban on holding initial offers of coins (ICO), it is most likely that tokens called Bithumb Coin will be issued in Singapore.

“We know that the work on the creation of Bithumb coin is conducted by a local branch, acquired by a subsidiary of the exchange,” said one of the representatives of the leading South Korean trading platform. “Such details as the specific schedule and the volume of the emission have not been confirmed yet.”

Also, the publication notes that the ICO Bithumb coin will focus mainly on large institutional investors.

Note that the issue of own tokens by large exchanges becomes mainstream. Its own token plans to release the Huobi Pro trading platform. There are also own tokens in the crypto-exchange Binance and KuCoin.

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