An introduction of Bithumb Chain

Bithumb Global
Bithumb Global
Published in
2 min readNov 7, 2019

What is Bithumb Chain?

Bithumb Chain is an important member of the Bithumb Family. Bithumb is one of the five largest bitcoin exchanges in the world. Its daily trading volume accounts for 75.7% of the bitcoin market in South Korea, accounting for 15% of the global bitcoin market. It is also the largest Ethereum market currently. Bithumb Family is the global digital financial ecosystem led by Bithumb. Currently, it already owns Bithumb, Bithumb Global, Bithumb Singapore (Bithumb SG), Bithumb Chain, Bithumb Custody, Bithumb Blockchain Economy, Bithumb STO, Bithumb OTC and Bithumb Decentralized Exchange (Bithumb DEX). Our family is continually expanding.

Bithumb Chain will enable the transfer of value, flow of information and integrate business verticals among the blockchain ecosystem, helping Bithumb Family to capture value from both upstream and downstream of trading business. Bithumb Chain is a powerful supplement to existing products, services and infrastructure. Bithumb Chain and Bithumb Family will work together to provide infrastructure for blockchain cities. Using a city as an analogy, the economic value provided by Bithumb Chain is akin to the provision of core infrastructure such as roads, railways, airports, telecommunications, utilities, while the products and facilities provided by Bithumb Family is akin to ancillary facilities such as schools, companies, hospitals and stadiums, which complement each other and promote each other.

Bithumb Chain Value System

What does Bithumb Chain do?

In the process of perfecting the core infrastructure of the blockchain, Bithumb Chain integrates a variety of technologies into the value network of the blockchain. Bithumb Chain’s goal is to build a blockchain based value network. The value can be realized by providing various basic protocols audited through the Bithumb Chain and can also be realized by synergies with Bithumb Family. Finally, a universal value network ecosystem of blockchain will be created to realize the prosperity and long-term development of blockchain cities.

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