#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 establishment of an investment subsidiary may be related to its initial public offering (IPO) this year, and the market is paying close attention to 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 increase its registered capital to 30 billion won (about $20.4 million) and will be primarily 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. 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 going public this year, the market is paying close attention to 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, to invest in stocks, bonds, and other short-term debt claims using Bithumb's own funds.
Bithumb Partners will be separate from Bithumb Investment, a subsidiary that primarily invests in external companies, and will focus on internal investments.
Bithumb's establishment of an investment company may be related to its IPO plans this year, and the market is paying close attention to this move.
Bithumb Partners' registered capital has been increased to 30 billion won (approximately $20.4 million).