Bithumb Launches DEX, ETH Is Its First Base Coin

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Yuri Molchan
Bithumb’s decentralized exchange (DEX) started off. Earlier media reported about the plans of this large crypto exchange to launch a P2P trading platform
Bithumb Launches DEX, ETH Is Its First Base Coin
Cover image via U.Today

On 15 October, at 2 pm local time, the Bithumb’s decentralized exchange (DEX) started off. Earlier U.Today reported about the plans of this large crypto exchange to launch a P2P trading platform outside South Korea.

To attract customers, the exchange launched a few incentives. Among them is the absence of transaction charges until November 15, airdrops of ETH, based on trading activities, etc.

The new DEX offers trade with several coins, such as DENT, INS, ONG, etc. All the assets are traded against ETH. So far this is the only base currency on the DEX.

As a reminder, a short while ago Bithumb was sold to BK Global Consortium. It is headed by Kim Byung-gun who is also in charge of BK Medical group in Singapore. Now the Consortium is the biggest shareholder of Bithumb.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.