Crypto exchanges BitMax and Bithumb form strategic partnership

BitMax, a Singapore-based bitcoin and crypto-asset trading platform, and Bithumb Korea, a South Korean-based cryptocurrency exchange, have announced a strategic global partnership leveraging their respective market presence and expertise.

The key terms of the new partnership encompass the development of blockchain and infrastructure technology. The collaborative effort will foster new opportunities as well as accelerate the development of product solutions in today’s competitive environment.

Founded in 2018, BitMax.io offers a broad range of financial products for retail and institutional clients. Bithumb Korea was founded in 2014 and is a leading cryptocurrency exchange in the world in terms of total transaction volume. Bithumb has expanded its investment in blockchain technology by developing and providing custody, kiosk, VC and research services, thereby contributing to the growth of the cryptocurrency ecosystem.

“Rigorous product innovation has always been a key point of differentiation for our institutional-grade trading platform. We are thrilled about this exciting opportunity to combine that approach with Bithumb Korea’s deep crypto business expertise. Both institutions will work closely on the delivery of synergistic services and products to our global users across the digital asset ecosystem.”
– Dr. George Cao, CEO of BitMax.io