South Korean digital assets trading platform Bithumb is set to launch its own global decentralized cryptocurrency exchange (DEX) by the end of the month, Business Korea reported on Thursday.
The Bithumb DEX is being developed in partnership with blockchain company One Root Network (RNT), the latter revealed in a blog post on Monday. RNT, which has already deployed a DEX earlier this year, has agreed to provide Bithumb with its Ethereum-based decentralized token transaction protocol.
Dubbed R1, the protocol separates order matching and order execution, which improves security and matching efficiency, according to RNT. The statement emphasized platform aspects such as “traffic sharing” and “a win-win ecosystem.”
Bithumb DEX will be launched through an overs...
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