Entity: BITHUMB
Bithumb is a South Korean cryptocurrency exchange founded in 2014, initially known as Xcoin and rebranded in 2015. It allows users to buy, sell, and store Bitcoin and Ethereum.
BITHUMB
Etymology
The name Bithumb originated from the Korean word '빗썸'.
Definition
Bithumb is a South Korean cryptocurrency exchange that was established in 2014. It provides a platform for users to trade cryptocurrencies such as Bitcoin and Ethereum.
Historical Context
Originally named Xcoin, the exchange was rebranded as Bithumb in 2015. In October 2018, BK Global Consortium acquired a majority share of BTC Holding Co., the parent company of Bithumb.
Cultural Significance
Bithumb plays a significant role in the cryptocurrency market in South Korea and globally, offering a platform for trading and storing digital assets.
Related Concepts
Other cryptocurrency exchanges similar to Bithumb include Coinbase, Binance, and Kraken.
See Also
A prominent South Korean cryptocurrency exchange platform.