Episode Details

Bithumb, a South Korean crypto giant, partners with SSI Digital, a Vietnamese securities firm, to vie for a spot in Vietnams new pilot program for licensed digital asset exchanges. This collaboration aims to build and operate a virtual asset trading platform, with Bithumb potentially investing upon approvals. The race for these limited licenses is intense, with five companies already qualifying, including those linked to major banks and brokerages. Vietnam, with its high crypto adoption rate, presents a lucrative market. Bithumb, however, faces challenges at home, including regulatory hurdles and a recent promotional glitch that caused fake balances to spike. This international expansion move signals Bithumbs pursuit of growth amidst local turmoil.

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