Bithumb’s CEO Heo Baek-young confirmed that the exchange is developing a NFT marketplace, but did not specify its partners.
) exchange which would help it stay competitive with Korbit and Upbit, two other domestic Korean exchanges. Heo said:
There is no confirmation yet on the identity of the content creators or artists that have agreed to issue work in NFT form for Bithumb. Launching an NFT marketplace would help Bithumb remain competitive. Bithumb currently sits comfortably in second place among Korean exchanges ranked by trading volume. However, it is a distant second behind Upbit which boasts $1.7 billion in 24 hour trading volume compared to Bithumb’s $730 million.with some fanfare as it was able to secure several K-pop groups including BTS to agree to commit exclusive NFT content.
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