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.
https://t.co/ZgbxdXzvT8 and Bithumb Korea are pleased to announce a strategic global partnership to enhance product platform and accelerate global expansion across digital asset trading ecosystem. https://t.co/OwtgXt4v1b pic.twitter.com/lfgPiN1N9a — BitMax Official (@BitMax_Official) February 17, 2020
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
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.
Source: Cointelegraph.com