Bithumb, a South Korean bitcoin, and cryptocurrency exchange company, today launched a global exchange service incorporating multiple fiat currency trading pairs, as well as perpetual futures trading, with leverage up to 100x.
Bithumb Global as the new service is called, is now operating in an open beta version, and allows users to trade perpetual futures with test money.
Leverage can be adjusted up to 100x by the user, offering a responsive environment to implement trading strategies and realize leveraged returns, once the Bithumb Global service goes live.
Celebratory opening events will be presented by Bithumb to users for a limited time, they include: Earning up to $90 in BUSD by completing KYC steps and participating in perpetual trading. In addition, depending on the trading activity level, users may participate in exclusive airdrop events.
A representative from Bithumb Global stated, “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 tech fin, financial service institution.”
Bithumb 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. With today’s launch of the global exchange service, Bithumb is continuing to grow its presence in the global crypto market.
Until the beta is over, the perpetual contract simulation trade activity uses the virtual asset TBTC, which is dedicated to simulation trade. 0.1TBTC will be airdropped to the account of all registered users. It cannot be used for any deposit or withdraw and is only used in the perpetual contract simulation trade. Users are required to transfer the TBTC from their main account to the contract account. After the beta event ends, the TBTC will be completely removed.