The infamous Bithumb is being sold again
Well-known cryptocurrency exchanges are not only Binance and Bitfinex, with an almost perfect reputation. In the eastern region, for example, sites such as Bithumb are particularly popular. However, now this platform is changing the wrong time. A protracted management crisis and several scandals forced the developers to put the platform up for sale for the second time in 2 years. Next, we will tell you what the transaction amount is and also discuss all the known details regarding Bithumb at the moment. So let’s get started.
Details about the platform
First, a brief digression into the subject for those unfamiliar with Bithumb. As already mentioned, the platform is in demand in the eastern region. And it is registered in the same places, on the territory of South Korea. The country is actively involved in supporting the cryptoindustry and mastering the Blockchain, and therefore it is not surprising that proactive developers wanted to deploy their own project on the territory of this state. However, it was not without its problems.
The platform worked quietly for several years, until in 2018 it announced that it was ready to change owners and is open to all commercial offers to purchase. The entrepreneurs wanted to implement the exchange at its peak of popularity, for $ 350 million. And they even found buyers, they turned out to be businessmen from the Singapore company Global Consortium. But then the parties did not agree on financial issues, and therefore it was decided to cancel the deal.
Purchase details. Who is ready to take on Bithumb
At the moment, based on information from open sources, it is known that the cost of Bithumb ranges from 430 to 600 million dollars. Representatives of Western companies, as well as local investors, are ready to provide quite a lot of money. However, it is not entirely clear how the deal will go if the CEO of the exchange is under investigation. Additionally, Bithumb’s tarnished reputation should be considered. For companies of this level, an impeccable status in the industry is extremely important. Otherwise, serious partners will simply refuse to cooperate with a dubious enterprise. However, Bithumb is still an interesting and potentially profitable asset in which you can invest and increase your own capital. There is no specific buyer of the platform yet, so we just have to follow the development of the event.
It is possible that the new owners will rethink Bithumb, making it more interesting and attractive for serious contributors and ordinary users. You just have to wait. Stay up to date with all the events of the cryptoindustry with us, we publish only high-quality and interesting material. Thanks for your attention. Good luck!