Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » A consortium from Singapore acquired for $ 350 million a controlling stake in the Bitcoin exchange Bithumb

    A consortium from Singapore acquired for $ 350 million a controlling stake in the Bitcoin exchange Bithumb

    0
    By BlockchainJournal on October 12, 2018 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bithumb, the largest cryptocurrency exchange of South Korea in terms of trading volumes, has sold over 38% of the company to the Singapore BK Global Consortium. The deal amounted to 400 billion won ($ 350 million), according to CoinDesk .

    As representatives of Bithumb have confirmed, the corresponding agreement was signed on October 11. By its terms, BTC Holdings Company, which owns 76% of Bithumb’s capital, sold the Singapore company 50% + 1 share, which makes the latter the largest shareholder of the exchange.

    The investment estimate of Bithumb as a result of the transaction amounted to 1 trillion won (about $ 880 million).

    BK Global Consortium is a blockchain-oriented investment division of BK Global, a medical company specializing in plastic surgery. The chairman of the BK Group and the plastic surgeon Kim Byung Gong is also an early cryptocurrency investor. He founded an ICO consulting firm and an ICO platform in Singapore.

    Bithumb's net profit for the first six months of 2018 was about $ 35 million.

    As it was reported earlier this month, in the nearest plans of the South Korean stock exchange there is a launch of a decentralized cryptocurrency exchange.

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    Bitcoin Bithumb BTC Featured ico Investment
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Hyperliquid’s USDH stablecoin call sparks fairness and governance debate

    September 5, 20253 Mins Read

    SharpLink to explore staking part of its $3.6 billion ETH treasury on Linea

    September 5, 20253 Mins Read

    Strategy Inc.’s path to the S&P 500 faces committee discretion, extreme volatility, and Bitcoin-dependent results

    September 5, 20253 Mins Read

    Coinbase accelerates toward a majority of AI-generated code amid a global trend

    September 5, 20253 Mins Read

    World Liberty Financial Blocks Justin Sun’s Wallet Amid WLFI Controversy

    September 5, 20253 Mins Read

    SEC bets on a pro-crypto agenda with a series of rulemakings on digital assets

    September 5, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.