Bithumb Extends 6-Month Contract with NH Nonghyup Bank... Preparing to Supplement Change Report for KB Kookmin Bank

Supplementary Documents Scheduled for Submission to Authorities

Bithumb, which plans to change its real-name verified deposit and withdrawal account partner bank to KB Kookmin Bank, announced on the 25th that it has extended its contract period with the existing NH Nonghyup Bank for six months.

This is due to supplementary document measures requested by financial authorities. Bithumb has been preparing to report the change of its real-name verified deposit and withdrawal account partner bank in accordance with the financial authorities' guidelines. Ahead of the expiration of the contract with NH Nonghyup Bank, it has submitted all necessary measures and preparations for bank change and user protection to the authorities.

Bithumb will first extend its partnership with NH Nonghyup Bank for six months and submit supplementary documents for the change report according to the authorities' guidelines for review.

Lee Jaewon, CEO of Bithumb, said, "We will thoroughly prepare user protection measures in accordance with the supervisory authorities' guidelines," adding, "We plan to supplement the partner bank change report according to the authorities' guidelines and prepare to have the report approved promptly after review by the authorities."