Date: 7 months ago   Category: Economy

Bithumb in partnership with SeriesOne starts the Stock Exchange in the USA


The South Korean cryptocurrency exchange Bithumb has joined league of the exchanges, diversifying the international offers and having created a trading platform for securities in the USA.

Within partnership about a blockchain platform for a fandreyzing, SeriesOne, Bithumb seeks to accelerate the growth to "world finance company" by coverage of the market of tokens of securities, reports the local press center of Yonhap.

the Announcement has appeared in several days after the American exchanges Bittrex and Coinbase declared that they prepare for start of the international versions of the platforms which will serve nonresidents of the USA in attempt to bypass difficult rules of the country. SeriesOne actively sought to reach the agreement with Bithumb, having estimated the platform as most suitable partner, - it is said in the article Yonhap.

of Bithumb directs efforts for globalization of finance company as it is considered that tokenization of assets on the basis of a blockchain will extend more and more worldwide.

Partnership will use the license SeriesOne for activity for trade in tokens of cryptocurrencies which are considered as securities for regulators of the USA. In article it is reported, with reference to anonymous sources that the general platform will debut "in the first half of the next year".

Using the principle of the mutual arrangements known in game theory as "the prisoner's dilemma" or "an eye for an eye", the SeriesOne platform has already carried out expansion on the South Korean market where also plans to trade in securities.

the Country continues to change the position of rather cryptocurrency space, but the authorities have decided not to stop the 14-month ban on ICO. In spite of the fact that many people urge the government to resolve primary offers of coins, still there is an uncertainty in expediency of a similar step and also there is a probability of serious consequences, - the chairman of the Commission on financial services (FSC) Choi Jong-ku has said during the parliamentary meeting in October earlier.

in Bithumb has occurred Recently change of the owner. Now the exchange belongs to the Singapore investor who plans to begin providing new services and introduction of steyblkoin. In October the consortium BK Global has paid 400 million wons ($353 million) for a controlling stake of Bithumb.

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