Bithumb (CEO Heo Baek-young), a South Korean cryptocurrency exchange, is opening a decentralized exchange (DEX) overseas to target global markets.
Bithumb announced that BGEX, which is a foreign subsidiary of BTC Korea, has officially opened ‘Bithumb DEX’. BGEX is a blockchain and FinTech specialist located in Hong Kong and it made partnership with a blockchain total solution provider called RNT, which is located in Singapore, to establish and operate Bithumb DEX.
Bithumb DEX is being developed based on RNT’s R1 Protocol, which can provide stable volume and liquidity to investors. Also, blockchain transmission speed of closed orders has been improved greatly by improving orders signing process.

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Bithumb DEX will be transparent to investors as every transaction takes place through blockchain and it boats excellent safety and security as no other person can move one’s asset without his or her right.
To use Bithumb DEX, one has to create Ethereum-based Metamask wallet. An investor will be able to make transactions through a PC first and it is expected that mobile transactions will be made available in November, when a corresponding application is expected to be released.
“A subsidiary in Hong Kong has opened a decentralized exchange that has drastically improved security and processing speed.” said a representative for Bithumb. “Through this decentralized exchange that can safely store one’s assets and prohibit any illegal transaction in advance, we are going to pioneer global markets and put in effort that satisfies requests of our users.”
Staff Reporter Gil, Jaeshik | osolgil@etnews.com