Bithumb Has Exceeded $870 million in Daily Trading Volume for the First Time Since the Opening of the Domestic Virtual Currency Market.

Coinhills, which is a ranking site for virtual currency exchanges around the world, announced, "Bithumb's 24-hour trading volume has exceeded Over $870 million on July 19 at 3:18 p.m. (KST)." This figure is the converted amount of 365,246.47 bitcoins which is the trading volume of six coins listed on Bithumb. On July 18, it showed over $600 million worth of trading volume and set a record of more than Over $870 million in one day.

Bithumb's trading volume surpassed $500 million on June 29 and over $580 million on July 17, the highest among all exchanges in the world. In two days, it ranked first in trading volume with over $870 million. Also, the trading volume of the global virtual currency topped for five days from August 3.

Since the beginning of service in January 2014, Bithumb, which is Korea's leading virtual currency exchange, has grown with its monthly trading volume surpassing $10.5 billion in July, and it has become the world's largest virtual currency exchange. Also, it is making a change forward into a financial platform company based on virtual currency by expanding its business into a payment business that can be utilized as a means of payment as well as a virtual currency exchange and overseas remittance service.

Currently, at Bithumb it is possible to trade seven virtual currencies including bitcoin and ethereum due to the listing of Bitcoin Cash (BCH) on August 7. Bithumb's monthly trading volume exceeded over $4.4 billion in May, and virtual currencies close to $10.5 billion - more than double was traded. Bithumb currently has a cumulative membership of 800,000.

In particular, it has provided a stable deposit and withdrawal services despite the recent separation of bitcoin and Bitcoin Cash (BCH), and has gained high satisfaction with users.

In relation to the increase in the trading volume, Bithumb's official said, "Compared to the beginning of the year, the social interest has risen due to the steep increase in the value of virtual currencies such as bitcoin and ethereum. In addition, the fact that multilingual support service, opened by Bithumb in April this year, has helped convenience for the overseas users - it seems to have affected the increase in the trading volume. Therefore, Bithumb will focus on improving service stability through security management systems as trading volume has increased greatly."

Bithumb PR Team

Seung Yoon Lee
Tel. +82-2-6978-8853
e-mail. [email protected]

Sung Mee Lee
Tel. +82-2-6978-8852
e-mail. [email protected]

Se Young Kim
Tel. +82-2-6978-8810
e-mail. [email protected]

SOURCE Bithumb