bithumb bitmax partnership
Cryptocurrency Platforms Bithumb, BitMax Announces Partnership
February 18, 2020
bithumb bitmax partnership
Cryptocurrency Platforms Bithumb, BitMax Announces Partnership
February 18, 2020

Major South Korean cryptocurrency exchange Bithumb has partnered with Singaporean crypto trading platform BitMax to jointly develop new services and products.

On Feb. 17 a blog post by Bithumb Official stated the two companies have signed a Memorandum of Understanding (MoU) to bring their forces together to build new services and strengthen their competitiveness in the global market.

As part of the MoU, Bithumb and BitMax will be sharing their expertise with one another to actively cooperate in the development of blockchain and crypto-related technologies and infrastructure.

Bithumb emphasized that BitMax’s founding team includes quant trading experts from Wall Street as well as major crypto trading veterans. 

Founded by George Cao, former chief investment officer of Delpha Capital Management in 2018, BitMax comprises experts from top global financial firms such as:

  • Morgan Stanley
  • Deutsche Bank
  • Goldman Sachs
  • Bloomberg
  • Winklevoss-run crypto exchange Gemini
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With the new partnership with BitMax, Bithumb hopes to access fintech know-how from Wall Street, the South Korean exchange said.

Additionally, the MoU is designed to equip Bithumb with more capabilities in building infrastructure and expanding bases in related industries, the company noted.



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Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
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