Bithumb, one of South Korea’s largest cryptocurrency exchanges, has stopped accepting new clients as of August 1.
The Business Korea news outlet cited banking industry insiders as saying the reason was Bithumb’s failure to extend its contract with NH Nonghyup Bank. The arrangement expired at the end of July.
According to a Bithumb blog post dated July 31, the platform was undergoing service improvement, and the opening of new accounts service was temporarily closed. Clients who already have an account with Bithumb can continue trading and transferring funds as usual. Further announcements are yet to be made.
According to the Business Ko...
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