Bithumb to Start Middle East Expansion

New partnership with Nvelop should help Bithumb to reach the markets of Saudi Arabia and Bahrain
13 February 2019   480

The South Korean cryptocurrency exchange Bithumb signed a memorandum of understanding with the Nvelop company from the United Arab Emirates (UAE) to launch a licensed trading platform for digital assets supporting Fiat, CoinDesk reports.

The new partnership should help Bithumb to reach the markets of Saudi Arabia and Bahrain in the future.

Note that Nvelop was founded by the investment fund E11 and the venture capital firm Trill Ventures Group for business development in the blockchain industry.

Earlier, Bithumb launched the global Ortus OTC platform headquartered in Hong Kong. It is assumed that institutional clients will have access to custodial solution with insurance of funds.

At the same time, the South Korean giant intends to enter the US stock market through a reverse takeover of Blockchain Industries. It is expected that the transaction will be closed until March 1.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   99

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.