ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Bithumb To Open Decentralized Exchange Before Binance

Arshmeet Hora by Arshmeet Hora
October 8, 2018
in News
0
Bithumb | DEX | Decentralized Exchanges
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

The next big step in the field of cryptocurrency, especially for the cryptocurrency exchanges has been developing a Decentralized Exchanges platform. Commonly referred to as DEXs, the decentralized platform will allow users to trade any variety of crypto assets without an intermediating party and many notable exchanges and promising startups are jumping on this particular wagon. The latest addition to the world of the decentralized platform is one of South Korea’s foremost crypto exchanges, Bithumb.

According to the reports by Business Korea on October 4th, launching a DEX is part of Bithumb’splan to expand its horizon into the global market. The South Korean exchange claims that by the end of October, their DEX will be available through an overseas subsidiary.

A Bithumb representative elaborates to the publishing that they partnered with  a global blockchain startup, One Root Network (RNT), to develop this decentralized platform, he stated:

Our DEX will be operated by our overseas subsidiary. The company is working together with RNT only in the decentralized exchange sector.

An unnamed “official” added that the move was anticipated by many insiders as the Bithumb already hosts a countless number of Korean users and is planning to branch out into new markets. He said:

The latest decision seems to be the company’s strategy to compete with other leading exchanges in the global market by opening a decentralized exchange that receives attention in the global market.

The emergence of DEX platforms

Several of Bithumb’s competitors have also announced their plans to launch similar decentralized platforms, including Bitfinex. The platform in mid-September announced the release of EOSFinex, that will be an  EOS-based “peer-to-peer value exchange,  unconstrained by borders and built around a foundation of transparency, speed, and integrity.” A beta version of the platform was reportedly launched at London’s Blockchain Lived on September 26th, the public, however, is still waiting to gain access to EOSFinex.

Binance, the world’s largest crypto exchange by trade volume also forayed into the space of the decentralized platform as the CEO recently announced that the beta version of Binance DEX could go live as early as the end of 2018.

It is unlikely that the decentralized exchanges launched by Binance, Bitfinex, and Bithumb could bring upon a crypto -evolution in terms of mainstream adoption. Though, these steps surely do indicate, the eco-systems advancement towards the world free from centralization and the undue power advantage it lends to some.

Read more: Binance Cryptocurrency Exchange Freezes User’s Wallet Holding 1200 Bitcoins

Tags: BithumbCryptocurrency NewsDecentralized ExchangeLatest Cryptocurrency NewsLatest Cryptocurrency Updates
Previous Post

Binance Cryptocurrency Exchange Freezes User’s Wallet Holding 1200 Bitcoins

Next Post

Another Crypto MLM Scheme Busted In India, Kashh Coin Founder Arrested In Delhi

Next Post
Kashh Coin | Fraud | Cryptocurrency Scam | Indian Scam | Founder arrested

Another Crypto MLM Scheme Busted In India, Kashh Coin Founder Arrested In Delhi

Recent Stories

As Bitcoin Consolidates, This Is What Analysts Are Saying on BTC, Chainlink, Aave, and SushiSwap Price Outlook

As Bitcoin Consolidates, This Is What Analysts Are Saying on BTC, Chainlink, Aave, and SushiSwap Price Outlook

January 17, 2021
Ripple (XRP) Is Now the Fifth-Largest Cryptocurrency As Polkadot, Chainlink, AAVE Explode to Fresh Highs

Ripple (XRP) Is Now the Fifth-Largest Cryptocurrency As Polkadot, Chainlink, AAVE Explode to Fresh Highs

January 16, 2021
Cardano Price Analysis: Bulls Drive ADA/USD Price Past $0.37, Cardano Wants To Help Twitter Decentralize Social Media

Cardano Price Analysis: Bulls Drive ADA/USD Price Past $0.37, Cardano Wants To Help Twitter Decentralize Social Media

January 16, 2021
Is an Altseason Coming? Chainlink (LINK) Hits New Record Highs of $21.40, Polkadot & Cosmos (ATOM) Surge

Is an Altseason Coming? Chainlink (LINK) Hits New Record Highs of $21.40, Polkadot & Cosmos (ATOM) Surge

January 15, 2021
Quickly

Financial Advisor Introduces Petition for the UK Government to Ban Crypto Transactions

January 15, 2021
LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

January 15, 2021
Bitcoin

Bitcoin Falls Below $35k Despite the Unveiling of Biden’s $1.9 Trillion Stimulus

January 15, 2021
cryptocurrencies

The Impact Of Cryptocurrencies On The Global Marketplace

January 15, 2021
What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Trading

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 36,129.00 1.4%
  • ethereumEthereum (ETH) $ 1,241.69 0.66%
  • tetherTether (USDT) $ 0.998227 0.58%
  • bitcoin-cashBitcoin Cash (BCH) $ 489.79 1.17%
  • binancecoinBinance Coin (BNB) $ 46.47 6.74%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree