Review on Bithumb by Özgün A
Trusting Bithumb
Bithumb, a major cryptocurrency exchange based in South Korea, has grown rapidly in the cryptocurrency market. Suddenly he climbed to the top ranks.
Bithumb, Clover will be a supporting project for DeFi applications; He said it would take advantage of its cross chain capabilities.
However, since Bithumb does not want to attract external partners, including other exchanges, it is possible to say that Bithumb does not grow as much as other exchanges.
In addition, Bithumb has made some technological breakthroughs. One of them, Bithumb established its own Research and Development center. The main purpose of establishing a research and development center is to protect the assets in the system.
It made history as the first company to establish its own Research and Development center in South Korea.
By the way, the reason is unknown, but the Bithumb center was raided several times. The assets of the Bithumb president were confiscated. Frankly, this is alarming for me because I already have assets in Bithumb.
Pros
- Founded a research and development center
- Has its own coin
- Many crypto currencies are listed
Cons
- Trust problem due to police raids
- Hacked in July
New products
Comments (1)
December 08, 2020
I can also say that Bithumb has not grown as much as other stock markets. However, I can say that some important technological breakthroughs have been made since they have established their own Research and Development center.
