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Bithumb – Korean Exchange Secured $6 billion in cryptocurrencies

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Bithumb, which is one of the largest and safest Bitcoin Service in the Globe / World. This Bitcoin Service in the world has broadcast a survey and an investigated report about Bithumb – “That South Korera which is actually 4th Largest in Asia has $6 Billions In 12 Crypto Currency. More admiringly Trade is significant for South Korea’s and its Economy which has the combined value of exports and imports equals 78 percent of GDP. The average applied tariff rate is 4.8 percent. Following to Forbes– In 2004, South Korea joined the trillion-dollar club of world.

Also read, Buy World Cup Tickets using Bitcoin.

  1. Trade Balance/GDP: 7%
  2. Public Debt/GDP: 46%
  • 1,000,000,000 USD is equal to 1,061,537,318,344 KRW @ 1061.54 South Korean wons to 1 US dollar.
  • The Electronic Media says that the fair exchange has 220 employees and 15 It has eventually created and originated 333.42 billion won (~US$312 million) in operating revenue in 2017. There appeared to be momentous increase compared to the previous year of 4.32 billion won ($4.1 million). Its net profit was 534.90 billion won (~$501 million) in 2017, up sharply from 2.51 billion won (~$2.4 million) in the previous year – 2017.
  • A system of close government and business ties, including directed credit and import restrictions, initially made this success possible. And South Korea joined the trillion-dollar club of world economies. This Country demonstrates second largest crypto currency billion exchange in entire globe which is a rough figure of $6 Billion.
  • The South Korea’s biggest crypto exchange Bithumb has disclosed its crypto currency. 7% of the deposited cryptocurrencies (worth 415.9 billion won) were Bithumb’s, while clients deposited the rest.But Last year it was closely 220 Times. Nevertheless  The Breakdown appears in a way as –
  1. 597,727,574 Ripples (worth 1.6649 trillion won),
  2. 49,559 Bitcoins (worth 925.4 billion won),
  3. 004 Ethereums (worth 590.8 billion won),
  4. 761.686 Quantums (worth 707.5 billion won),
  5. 974 EOSs (worth 654.9 billion won)
  6. And 156.956 Bitcoin Cashes (worth 521.1 billion won).

 

Today, it takes no brains and effort to make out the FAIR EXHANGE OF CRYPTO CURRENCY AND TRADING.

The financial Investors announced in a report that the aggregate value is up to 415,941 million won ($390 million).Bithumb’s own holdings consist of 3,228 BTC; 24,514 BCH; 65,421 ETH; 7,847 DASH; 100,437 LTC; 387,993 ETC; 40,834,963 XRP; 10,083 XMR; 2,473 ZEC; 324,029 QTUM; 10,590 BTG; and 553,181 EOS.

MONEY IS HONEY AND BITCOIN IS DEARER, THUS IT IS EXPANDING LARGE”.

  • Today it excluded some Korean exchanges in price calculations due to the extreme divergence in prices from the rest of the world and limited arbitrage opportunity. The cryptocurrency valuations and straight reply on CoinMarketcap” (CMC). However according to this news and indeed information South Korea’s has been the largest cryptocurrency exchange. Today, its 24-hour trading volume is $468 million, lesser than trading volume of $1.715 billion during the same time period.
  • Thus the Bitcoin and Bithumb is growing like anything namely “ PERSON TO PERSON PAYMENTS”, which is an Online Technology that allows Customer To Transfer funds from their bank accounts and other Credit Accounts. This P2P is a newly launched MEDIA BASED TECHNIQUE its partnership with Wincube to sell 12,500 kinds of mobile vouchers from 600 brands through gift certificates.
  • Bithumb announced on Monday that it “is expanding its cryptocurrency offline payment services.” One of South Korea’s largest cryptocurrency exchanges, instigated a new service focused  at allowing customers to pay with cryptocurrencies at over 6,000 physical stores across globe “.

As Said – TRUST BITHUMB, YOU WILL WIN POSTIVELY.