Korean Crypto Giant Launches Decentralized Exchange

October 8, 2018

Following Binance voicing its plans to launch its decentralized exchange (DEX) by 2019, large South Korea-based Bithumb also shared its prospects to do the same in the next months.

DEX Bithumb that is expected to focus on global crypto market will be started outside South Korea. Currently DEX is developed in partnership with One Root Network (RNT) which has already deployed decentralized exchange early 2018.

The source in the know of Bithumb has told local media that the exchange has set a medium-range plan for complete deployment in the following months to enlarge its user base at international level:

“Bithumb is one of the leading global exchanges in terms of transactions but it is true that most of its users are Korean. The latest decision seems to be the company’s strategy to compete with other leading exchanges in the global market by opening a decentralized exchange that receives attention in the global market.”

Earlier the Binance CEO Changpeng Zhao claimed during the Ran Neuner interview at Crypto Trader CNBC, he was absolutely convinced that decentralized exchange is the future of crypto industry.

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