RATE Group | Bithumb Global to Launch Regulated Crypto Exchange in India: Report
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Bithumb Global to Launch Regulated Crypto Exchange in India: Report

05 Oct Bithumb Global to Launch Regulated Crypto Exchange in India: Report

Posted at 12:14h in Cryptocurrency News by

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South Korean exchange Bithumb’s international platform Bithumb Global is looking to establish a regulated cryptocurrency exchange in India.

The firm is planning to expand its services to India by partnering with local crypto exchanges, funding local blockchain startups and working on new industry initiatives, local media outlet The Economic Times reports Oct. 3.

“We are open to talking to regulators”

Javier Sim, co-founder and managing director at Bithumb Global, revealed that the company is willing to engage with Indian regulators to build a new regulated exchange. Sim reportedly said:

“We are open to talking to regulators, working with them to be a regulated exchange. We are a strong brand from Korea and do not involve ourselves in unregulated or illegal trade.”

Recent debut of Bithumb Global

While Bithumb Korea is one of the earliest crypto exchanges in South Korea that was founded in 2014, Bithumb Global’s beta launch took place in May 2019. The company officially…

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