The number one South Korean crypto exchange platform, Bithumb has officially announced their strategic partnership with a Singapore-based exchange, Bitmax. The collaboration is believed for the two firms to further expand their reach to global investors and traders.
Notably, both the exchange platforms have experienced significant growth, with Bithumb among Korea’s largest, has been in business since 2014, while Bitmax been founded in 2018 and has successfully developed a reputation for innovation and its aggressive growth strategy.
As this is a joint partnership and not a merger, both platforms will continue to exist as independent entities. Additionally, Bithumb and Bitmax have started developing and exploring to diversify their options, offering services such as margin and derivatives trading.
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