Exchange

Bithumb Global 1.0 Officially Launched with New Fiat-to-Crypto Features and More

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Leading South Korean cryptocurrency exchange, Bithumb Global (BG), is now sternly positioned to become the number one digital asset exchange across the global crypto market. The platform that supports court currencies, staples, and fluent crypto transactions anywhere in the world, had already signed up over 1 million users using the BG platform to trade assets.

Now, Bithumb has officially upgraded itself from beta to 1.0 by launching a genuinely revamped exchange interface for both, the website and mobile app versions. Quite evidently, the upgrade comes as a result of Bithumb’s commitment to listen to and act on users’ feedback and suggestions that they have received. The company officially reported that the goal of this restructuring was to further enhance transaction accessibilities and user convenience. More crypto assets and respective market prices have been placed on the main screen, which allows a user to have access to the needed information at just one glance. In addition, it also exposes a user’s most recent crypto transactions right at the top of the menu screen.

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Bithumb Global’s MD, Javier Sim, said at the launch,

We aim to bring together and unite all the crypto communities with a fair and transparent platform. Unity is the key here.

To shed more light on the improved interface, the new web version has introduced a “Simplified” interface for the Spot Trading function. This version allows an unprecedented seamless user experience for beginners as well as traders looking to perform quick trades. Nevertheless, users who are already comfortable with the “Advanced” trading function will still be able to access. Also, the new interface has optimized the wallet account by doing away with the redundant dual wallet system. This implies, users now can easily deposit and trade cryptos using one single wallet which will not only save time but also prevent missed trades.

At present, Bithumb Global already records a daily trading volume close to the $450 million marks, with approximately a million registered users and USDT to BTC and EOS trading pairs contributing to around 50% of the entire trading volume. To expand its reach even further, BG will enhance their language support, with an initial focus on Japanese.

However, there remains another noteworthy fact amidst all the announcements—Bithumb, in 2018, was hacked and $30 million worth various cryptocurrencies were stolen out of its wallets. Earlier this year, the popular crypto exchange again got hacked, and perpetrators managed to steal 3 million EOS tokens.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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