Bithumb Looks to Future with Launch of Its Own Decentralized Exchange

[kreslik.news]

Bithumb, South Korea’s second-largest crypto trading venue, is launching its own global decentralized cryptocurrency exchange (DEX). The announcement comes in hot pursuit of similar initiatives by popular crypto exchanges over the last few months, including from Binance.

The new venture was developed in partnership with blockchain company One Root Network (RNT), which provides the Seoul-based exchange with its Ethereum-based decentralized token transaction protocol. The protocol separates order matching and order execution, which RNT claims improves security and matching efficiency.

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As regulatory pressure increases on the cryptocurrency operators, Bithumb’s move toward a ... (read more)