Bithumb Holding Company Looks to Raise US$ 100M in Equity Crowdfunding Campaign

Blockchain Exchange Alliance (BXA) Bnktothefuture equity crowdfunding campaign page
Blockchain Exchange Alliance(BXA )Bnktothefuture equity crowdfunding project page Blockchain Exchange Alliance(BXA ), the Singapore-headquartered holding business of Bithumb, among South Korea’s biggest cryptocurrency exchanges, is wanting to raise a minimum of US$ 100 million in a Bnktothefuture equity crowdfunding. BXA holds 38.7% of the business that owns and runs the Bithumb exchange. The exchange declares 4.3 million active users and about US$ 1.4 billion in day-to-day trading volume since December 13, 2018. Bithumb produced US$ 312 million in profits in 2017 and US$ 248 million in running earnings, with an operating revenue market of 80%, according to the business’s Bnktothefuture project page. Far, BXA has actually handled to raise US$ 100,295,000 raised from 39 financiers, exceeding its financial investment objective. BXA is using 6.66% in equity.

BXA stated it will utilize the earnings on strengthening Bithumb’s grip in the crypto market, broadening the existing cryptocurrency exchange trading service along with broadening into brand-new verticals such as digital payment.

BXA likewise prepares to release localized cryptocurrency exchange platforms around the globe consisting of the United States, the UK, Australia, Thailand, Singapore, Mexico, Peru and Hong Kong, along with open “the world’s very first CryptoBank” providing crypto loans, payments, charge card, custodian services, an over the counter (OTC) trading desk, and more.

BXA was begun in 2018 by BK Global Consortium, which got Bithumb in October for roughly 400 billion won (US$ 354 million).

Hackers breached into Bithumb in early 2018 and took about US$ 32 million.