Bithumb to Issue its Own Token In Singapore

[GBCrypto1]

Bithumb, a leading cryptocurrency exchange in South Korea, has revealed plans of issuing its own token, Bithumb Coin, in Singapore, according to a local news outlet report on April 19.

The report says that Bithumb would be conducting its token sale in Singapore instead of South Korea since ICOs are banned in South Korea. Bithumb is now focusing on large-scale investors instead of individual investors. There is, however, no official statement that tells us about the size of the venture or when the coin is expected to be launched.

https://coinfrenzy.io/bithumb-issue-token-singapore/

[cryptonerd42]

Following Binance's footsteps

[o_e_l_e_o]

Was only a matter of time, probably. Will be interesting to see if they follow Binance's model of using their coin to reduce exchange fees, or KuCoin or COSS's model of paying dividends to holders, or something else entirely.

[qazgroup]

It would be good as we have seen many successful examples of exchanges with their own tokens like binance, kucoin, coss, cobinhood and many more coming soon.

[Procopiogamscrypto]

Following Binance's footsteps

Mirroring on the footstep Binance by creating their own token may a good move of bithumb to sustain the competition of all exchanges, I think it's better to have a coin with your own flagship to lessen any fees of different transactions had been paid from other coins.