Bithumb to Reopen Registrations After Month-Long Hiatus

  • Alex Dovbnya
    📰 News

    Bithumb will allow users to create new virtual accounts. The exchange, which is still recovering from hack is back on track after renewing contract Nonghyup Bank


Bithumb to Reopen Registrations After Month-Long Hiatus

Bithumb, the second largest exchange in South Korea, will allow users to create new virtual accounts starting from Aug. 30. The exchange, which is still recovering from the June hack, is back on track after renewing its contract with Seoul-based Nonghyup Bank. Its previous renewal request was denied due to weak KYC policies, but Bithumb has apparently managed to iron out this problem.

After this announcement, Bithumb’s trading volume saw a massive surge, currently sitting at $377 bln. Earlier, U.Today reported that registration suspension immediately led to a $100 mln drop in trading volume.
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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