Bithumb, South Korea’s prominent crypto exchange, all set for Bitcoin & 8 other coins deposits and withdrawals
Bithumb, one of the prominent crypto exchanges of South Korea, has announced the reopening of its withdrawals and deposits. The declaration has been made by Bithumb, the 12th to rank among the major and biggest cryptocurrency exchanges in the world, on 4th August, 2018.
The time for recommencing the deposition and withdrawal procedure at the exchange has been shifted from 11 a.m. to 7 p.m, KST. In a post, the exchange said deposit and withdrawal services are available for only nine coins. Then it specified the reason for procrastinating on the service for providing, “more stable service environment.”
Those 9 coins includes BTC, ETH, ETC, XRP, LTC, BCH, ZEC, QTUM & MITH.
It has suffered $30 million loss in digital currencies that lead to an immediate suspension of all payments and deposits. The loss was caused due to a major incident of theft by the hackers in June end.
However, after few days, the South Korean exchange declared that a loss of $17 million has been incurred in this event. This is because, “ongoing participation, support, and cooperation of the cryptocurrency exchanges and cryptocurrencies foundations across the world.” Despite, all this setback, Bithumb rolls back once again having nearly $124 million trading volume, as per CoinMarketCap data, in 24 hours’ time span
Image via Google
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