South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit
The last of the South Korean “big four” crypto exchange platforms – Bithumb – has finally received an operating license from the nation’s financial regulator, the Financial Intelligence Unit (FIU).
Bithumb had submitted its application to the FIU ahead of the latter’s September 24 deadline. But the trading platform, which was until very recently the nation’s busiest, had been in limbo until this past weekend, waiting for the FIU to finish reviewing its documents.
The market-leading Upbit received its permit several weeks ago, and was followed by fellow “big four” members Korbit and Coinone. Under tough new regulations, only permit holders with banking partnership deals allowing them to conduct real name-verified trading are allowed to provide
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