#Bithumb Establishes Investment Company#
Hot Topic Overview
Overview
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.
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 its investment business. 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 when Bithumb officially implemented its personnel restructuring, it proposed a system of surviving legal entities and new investment legal entities centered on the exchange, so the establishment of this investment subsidiary seems to be related to this. Given that Bithumb has publicly announced that it will be conducting an initial public offering (IPO) this year, the market is highly interested in how its establishment of subsidiaries and other initiatives will proceed.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bithumb transformed its discontinued subsidiary Bithumb Meta into Bithumb Partners and is pushing forward with its investment business.
Bithumb Partners will mainly be responsible for investing in stocks, bonds, and other short-term debt claims using Bithumb's own funds.
The establishment of Bithumb Partners may be related to Bithumb's initial public offering (IPO) this year.
Bithumb Partners will be distinguished from Bithumb Investment, a subsidiary that mainly focuses on investing in external companies.