Bithumb was just sold and the new owners want to open up a Bithumb Dex


[https://thenews.asia/en/2018/10/12/bithumb-sold-for-353-million-to-bk-global-consortium/](https://thenews.asia/en/2018/10/12/bithumb-sold-for-353-million-to-bk-global-consortium/)

[Bithumb](https://www.bithumb.com/) has been sold to Singapore-based BK Global Consortium. Although it has been curiously removed from global [rankings](https://coinmarketcap.com/rankings/exchanges/), Bithumb has been one of the world’s busiest cryptocurrency exchanges since late last year. The price paid for the exchange, about $353mn, is much lower than an appraisal made in early February, 2018, of about $880mn.

They plan to open ‘Bithumb Dex’ through their Hong Kong subsidiary this month. It is a decentralized exchange. The Hong Kong-based Dex will enable users around the world to send and receive virtual currency more smoothly. Also the existing problem of hacking, especially apparent in Korean [exchanges](https://news.bitcoin.com/investigation-underway-korean-government-cause-crypto-hacks/), can presumably be solved easier on a Dex.

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