Launch of 'Bithumb Nanum Public Interest Foundation' for Systematic Social Contribution Activities
Deep Change Slogan Toward Customers...First Fee Waiver, IPO Promotion
Domestic virtual asset exchange Bithumb announced on the 6th that it will launch the 'Bithumb Sharing Public Interest Foundation' by investing a fund worth 10 billion KRW to celebrate its 10th anniversary.
On this day, Bithumb, celebrating its 10th anniversary, has been engaged in sharing activities such as providing quality jobs to revitalize the employment market for people with disabilities, establishing funds for welfare facilities for the disabled, supporting self-reliance for vulnerable groups, and donating daily necessities. With the establishment of the Sharing Public Interest Foundation, it is expected to carry out more systematic social contribution activities.
They also unveiled the slogan "Deep Change for Customers, Bithumb." It embodies the goal of moving forward with a humbler attitude for customers, Bithumb's deep consideration and efforts toward customers, and the will to change. They intend to prioritize change as their core value.
In fact, since last October, they have been promoting changes to fundamentally improve the market environment. First, they became the first to make virtual asset trading fees completely free without setting a period. They are also pushing for stock market listing, governance improvement, transparency in new trading support procedures, and strengthening internal controls. They plan to verify management transparency through an initial public offering (IPO) targeted for the second half of 2025, aiming to become a more trusted exchange for customers. Governance will also be improved, with plans to change shareholding ratios through consultations with shareholder companies.
Additionally, virtual asset reviews are being conducted by an independent trading support review committee that includes external members, and a process where customers directly evaluate and select assets will also be introduced.
They are also planning the 'Bithumb Startup Support Project,' which will provide up to 30 billion KRW in support depending on the field, focusing on the innovativeness and business feasibility of operators without limiting the industry sector.
Bithumb first started its service in December 2013 under the name 'Xcoin.' In July 2015, the exchange name was changed to Bithumb, and it was the first in the industry to open a 24-hour online customer consultation center and expanded offline customer centers. They also established the Anti-Money Laundering (AML) center first in the industry and have made efforts to build security systems.
After initially supporting Bitcoin trading, the number of supported trading types increased to 69 in 2018 and 103 in 2019. As of the end of November this year, they support trading for a total of 268 types of virtual assets.
Meanwhile, to commemorate the 10th anniversary, Bithumb is also holding events. The 'Bitcoin 10 Pieces 1 Minute N Challenge,' held for one day on the 6th, is an event where all members celebrating the 10th birthday equally share 10 Bitcoins. There is also an airdrop event for long-term inactive members from the 6th to the 12th, offering virtual assets worth up to 1 million KRW.
Lee Jae-won, CEO of Bithumb, said, "Bithumb's 10 years have been alongside the fast-paced history of the virtual asset market," and added, "We promise sincere changes for customers with the belief that challenges through change create growth."
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