Korean giant Bithumb Creates Decentralized Crypto-Stock Exchange (DEX)
Bithumb, the leader of the South Korean cryptocurrency market, has been inspired by Binance to create a decentralized trading platform (DEX - Decentralized EXchange). The goal of the project is to harness the full power of Bithumb in a global network that has been exploited by Koreans for a long time.
Bithumb DEX Expands Bithumb's Potential
If Bithumb is a cardboard in Korea, it is not known for its international accessibility. Faced with the demand for liquidity and the arrival of new investors, the crypto-stock exchange has decided to expand its activities with a new decentralized trading platform (DEX) . Bithumb DEX will be focused on accessibility, especially to expand its user base and investors. It will take service in the near future, according to project officials.
In addition, promoting a crypto-stock exchange on the international scene must be accompanied by very sophisticated marketing actions, knowing that the dominant market is that of Binance. Also, a source close to Bithumb said :
"The most recent decision appears to be the company's strategy of competing with other leading crypto-platforms in the global market by opening a DEX that draws attention to the global market. "
Bithumb DEX, shock arguments
Developed with One Root Network (RNT), Bithumb was accompanied to implement protocol (R1). Technically, the protocol seeks to secure transactions through a separation between order and execution.On the other hand, Bithumb has everything to fully launch its new campaign. Currently, the platform is ranked in the top 6 best platforms with a transaction flow of $ 331 million per day. In the first half, the company's turnover represents more than $ 250 million for a profit of nearly $ 200 million.
What do you think of Bithumb DEX? Do you believe he can compete with King Binance? React in the comments section.
Posted from our website : https://infos.link/korean-giant-bithumb-creates-decentralized-crypto-stock-exchange-dex/
Did Binance ever decentralize?
Does Bithumb have Byteball?
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