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Bithumb eyes Vietnam expansion under new partnership with SSID

The Block
South Korean exchange Bithumb has partnered with SSI Digital to explore establishing a digital asset trading platform in Vietnam.

Summary

South Korean cryptocurrency exchange Bithumb has signed a memorandum of understanding with SSI Digital (SSID), a subsidiary of Vietnam’s largest securities firm, SSI, to develop a digital asset trading platform in Vietnam. The collaboration will cover technical aspects such as custody, security, and compliance. Bithumb is also considering a potential strategic investment in the venture, pending regulatory approval. This move follows Vietnam’s emergence as a significant global hub for cryptocurrency adoption.

(Source:The Block)