Bithumb announced on Monday the launch of its new global cryptocurrency exchange. According to Bithumb, the exchange will be incorporating multiple fiat currency trading pairs, as well as perpetual futures trading, with leverage up to 100 times. Bithumb explained:
“The Open Beta version allows users to trade perpetual futures with test money, thereby reducing risk for users gaining trading experience and awareness of the futures platform. Leverage can be adjusted up to 100x by the user, offering a responsive environment to implement trading strategies and realize leveraged returns, once the service goes live.”
Bithumb Global has been operating Bithumb DEX, a decentralized exchange in H.K, since October 2018 as well as ORTUS, an OTC desk catering to institutional clients founded in February 2019. A representative from Bithumb Global added:
“We are expanding into U.K., Canada, Australia, Japan, Hong Kong and 10 additional jurisdictions. Our service will include cryptocurrency exchanges, security token offerings, blockchain based project incubation, and ultimately culminating into a technology driven techfin, financial service institution.”