#Bithumb Establishes Investment Company#
Hot Topic Overview
Overview
South Korean cryptocurrency exchange Bithumb has transformed its defunct subsidiary Bithumb Meta into an investment company, Bithumb Partners, with registered capital increased to 30 billion won (about $20.4 million). Bithumb Partners will primarily be responsible for investing Bithumb's own funds in stocks, bonds, and other short-term debt securities, differentiating itself from Bithumb Investment, which mainly focuses on investing in external companies. Industry insiders believe that this move may be related to Bithumb's planned initial public offering (IPO) this year, and the market is closely watching how the company will proceed with its subsidiary establishment and other initiatives.
Ace Hot Topic Analysis
Analysis
South Korean cryptocurrency exchange Bithumb has transformed its defunct subsidiary Bithumb Meta into Bithumb Partners and is moving forward with investment operations. Bithumb Partners will primarily be responsible for investing Bithumb's own funds in stocks, bonds, and other short-term debt securities, differentiating itself from Bithumb Investment, which is primarily responsible for investing in external companies. Bithumb Partners' registered capital has been increased to 300 billion won (approximately $20.4 million). Industry insiders point out that Bithumb's move may be related to its initial public offering (IPO) plans this year, and the market is closely watching how its establishment of subsidiaries and other initiatives will proceed.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bithumb established an investment company, Bithumb Partners, which will primarily focus on short-term debt investments in stocks, bonds, and other assets using Bithumb's own funds.
Bithumb Partners will be separate from Bithumb Investment, a subsidiary that focuses on investing in external companies.
The establishment of Bithumb's investment company may be related to its planned initial public offering (IPO) this year.
The market is paying close attention to Bithumb's progress in establishing subsidiaries and other initiatives.