In the footsteps of the Telegram: Bithumb will release its own token

Yesterday, the audit said about the volume of cryptocurrency reserves Bithumb. According to South Korean exchange stores coins of 5.57 billion dollars. The share of own funds is around 7 percent. Things have going well for the company. To improve them will allow tokens, which plans to launch the exchange.

ICO from the biggest cryptocurrency exchanges

About the company’s plans told local journalists, reported Cointelegraph. The token will be called Bithumb Coin, and the ICO will be held in Singapore. The reason for the ban of IPOs token, which is valid in South Korea.

According to insiders, the exchange’s management is going to attract large investors. It is not excluded that it was limited to multiple private financing rounds, as it was with Telegram.

Representatives Bithumb information is not confirmed. The start time token and the desired volume of investments remain unknown.

In the case of confirmation of information Bithumb will not be the first exchange with their tokens. In January similar plans already announced by the Chinese Huobi Token.

I hope the exchange will succeed. ICO extra successful niche cryptocurrency is not exactly hurt.

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