Evolve Markets

Bithumb crypto exchange holding company offering $110M worth of equity tokens

It was announced today that the Blockchain Exchange Alliance (BXA), created by Bithumb, the largest crypto exchange in South Korea, with an aim to consolidate the crypto exchange industry through strategic acquisitions will offer equity tokens on BnkToTheFuture, to be made available for non-US investors only. The BXA currently holds 38.7% of the company that owns and operates the Bithumb exchange.

Bithumb is the largest exchange globally by trading volume including fiat-to-crypto trading volumes. Bithumb will have a critical role in Blockchain Exchange Alliance – and will include multiple affiliated exchanges offering a combined order book, shared liquidity and various local fiat-to-crypto pairs.

Bithumb Investments

Bithumb’s venture capital arm which invests in companies in the blockchain and FinTech sector has delivered on the following results:

  • $312 million in revenue in 2017 (78x growth from 2016)
  • $248 million in operating profits (with an operating profit margin of 80%)
  • Indisputable leader in the Korean cryptocurrency market consistently achieving the highest trading volume ($210 billion in trading volume for 2017)
  • 4,300,000 subscribed users in October 2018 (9% domestic penetration rate, one of the highest penetration rates globally.)

The equity tokens will come with a bonus of 13,333 BXA tokens per share, subject to a lock-in period. The equity on offer is 6.66%, minimum investment stands at $5,000 USD, with the total investment goal being $110,000,000 USD.


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