Bithumb intends to obtain licenses from regulators in Thailand and Japan to open offices in these countries, thus marking the beginning of its journey to the international market.
Currently, Bithumb is on the second place among the stock exchanges of South Korea with a trading volume of $ 358 million per day. She concedes only to Upbit, whose daily volume is 582 million dollars.
While management expects to receive a license from the Thai Securities and Exchange Commission, it has decided to establish a subsidiary of Bithumb Thailand Company Limited in Thailand with a capital of 3 million baht, equivalent to $ 90,000.
Thailand was chosen, naturally, not by chance, but against the background of the approval of the rules for tokens and the legalization of seven tokens – Stellar, Ethereum Classic, Ripple, Bitcoin Cash, Bitcoin, Ethereum, and Litecoin. In addition, the local department seriously intends to issue a national digital currency. Thailand now represents a huge market, participation in which can turn out for the company a considerable profit.
Bithumb plans to open its Thai representation no later than October this year, but in Japan, it will happen much later – in February 2019. There are suggestions that the delay is associated with more stringent rules for obtaining a license, which has become even stricter after the breaking of Coincheck.
The management of the exchange noted that they are going to offer the Japanese traders the greatest number of coins among all trading platforms.
It should be noted that the company is also aimed at Singapore and the UK, because there, too, she opened her “daughters”. But only the approximate time of launching potential platforms cannot be called even by the heads of the exchange.