Bithumb
bitcoin exchange based in South Korea
Bithumb (Korean: 빗썸) is a South Korean cryptocurrency exchange. Founded in 2014, with headquarters in Seoul, it initially went by the name Xcoin, but was rebranded as Bithumb in 2015.
History
In October 2018, BK Global Consortium signed an agreement to acquire a majority stake in BTC Holding Co., Bithumb's largest investor.
On January 22, 2019, the OTC-listed holding company Blockchain Industries signed a binding letter of intent to merge with Bithumb on or before March 1, 2019. The proposal called for the creation of a new publicly traded entity, the Blockchain Exchange Alliance (BXA), which would seek to uplist on either the New York Stock Exchange or NASDAQ, potentially making BXA the first major cryptocurrency exchange to go public.
On April 11, 2019, Bithumb reported a net loss of KRW205.5 billion (US$180 million) for 2018, compared with a profit of KRW427.2 billion in 2017, although its 2018 sales had risen 17.5% to KRW391.7 million. The company attributed the loss to the sharp decline in cryptocurrency prices and lower trading volume.
Controversy
In June 2017, hackers stole user information from a Bithumb employee's personal computer.
In January 2018, Bithumb was raided by the government for alleged tax evasion. They were found not guilty, but still had to pay nearly $28 million in back taxes.
Begin with the source’s own compact description: “Bithumb” is bitcoin exchange based in South Korea. The dossier treats that line as a proposition to test through Bithumb, bitcoin and exchange, not as a finished interpretation.
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Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Jul 1, 2026. The linked authority identifier is Q55730566. None of the 2 selected statements returned an explicit reference. The first chronological checks are 2014, 2015, 2018 and 2019.
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This entry incorporates text from “Bithumb” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.