Bithumb, a Korean virtual currency exchange, announced on Dec. 16 that Bithumb DEX, a decentralized exchange, has started official service.
Bithumb DEX is characterized by high security and transparency because all transactions are done on a blockchain platform, according to Bithumb. The new exchange will launch a mobile application (app) next month.
Bithumb DEX is operated by BGEX, a Hong Kong subsidiary of BTC Korea. Bithumb is expected to use Bithumb DEX as a bridgehead for global markets.
"Our subsidiary in Hong Kong has opened a decentralized exchange that has greatly improved security and processing speed," a Bithumb official said. “We will explore global markets and respond to diverse user needs through the decentralized exchange."