FIUActive
South Korea Virtual Asset Service Provider (VASP)

South Korea Virtual Asset Service Provider (VASP)
Exchanges with 24H trading volume exceeding --
What Is Bithumb?
Bithumb is one of South Korea’s premier crypto exchanges and, as of 2025, consistently ranks among the nation’s largest KRW-based trading platforms. The exchange supports more than 440 listed digital assets, with daily trading volumes frequently reaching billions of dollars depending on market conditions.
Designed for both newcomers and professional traders, Bithumb offers an extensive suite of features including automated trading (bots & API), diverse investment products for retail and institutional clients, deep liquidity, staking and yield services, an intuitive UI/UX, and dedicated 24/7 customer support.
As a fully licensed VASP, Bithumb operates in compliance with the Financial Supervisory Service (FSS), Financial Services Commission (FSC), and the Korea Financial Intelligence Unit (FIU). All users must complete real-name verification, full KYC, and OTP-based two-factor authentication to access trading services. The platform is ISMS-certified and reinforced by a sophisticated AML system and round-the-clock transaction monitoring, ensuring a secure and transparent trading environment.
* General Inquiry: info@bithumbcorp.com
* Listing Inquiry: listing@bithumbcorp.com
* Partnerships: partnership@bithumbcorp.com
* Whistleblower Hotline: whistle@bithumbcorp.com
* Medium: https://t.me/BithumbExchange
Who Founded Bithumb?
Bithumb was founded by South Korean entrepreneur Kim Dae-sik, who also served as the company’s inaugural Chief Executive Officer.
Who Is the Current CEO of Bithumb?
As of 2025, Bithumb is led by CEO Lee Jae-won. Since assuming the role in 2022, he has overseen the company’s strategic transformation—strengthening its compliance framework, expanding corporate governance, and steering its planned IPO initiatives.
When Was Bithumb Founded?
Bithumb was established in 2014 and is headquartered in Seoul, South Korea.
January 2014 – Launched exchange services under the name Xcoin
July 2015 – Rebranded as Bithumb
Restricted Countries
Bithumb primarily serves users within South Korea. In accordance with global AML/CFT standards, access may be restricted for users residing in jurisdictions designated as high-risk or sanctioned by the FATF or other international regulatory bodies.
(Restrictions may vary by period, and users are encouraged to review Bithumb’s Terms of Service and official announcements for the most current information)
Supported Cryptocurrencies
As of 2025, Bithumb lists over 440 cryptocurrencies, enabling users to trade a wide spectrum of assets—from leading tokens such as BTC, ETH, XRP, USDT, SOL, and WLD to emerging digital assets.
(The number of supported assets may change due to new listings or delistings.)
Fees
Bithumb offers one of the most competitive fee structures among Korean exchanges:
KRW Market Maker/Taker Fee: 0.04% (one of the lowest among Korean exchanges)
BTC Market Maker/Taker Fee: Free
(Users may further reduce fees through the use of fee coupons.)
Does Bithumb Support Leverage or Margin Trading?
As of 2025, Bithumb does not provide leveraged products such as margin or futures trading, in alignment with regulatory guidelines from Korean financial authorities aimed at investor protection.
The platform continues to operate as a spot-focused exchange.
In 2022, Bithumb launched a lending service, which evolved into the ‘Coin Lending Service’ in July 2025.
Through this service, users can secure digital assets by providing KRW or cryptocurrency collateral via partnered institutions—offering a new avenue for asset management within the domestic market.
South Korea‘s three largest cryptocurrency exchanges — Upbit, Bithumb, and Coinone — have simultaneously placed Bonk ($BONK), a Solana-based meme coin, on their delisting watchlists. The coordinated action signals heightened regulatory scrutiny and potential removal of the token from trading platforms in one of the world’s most active crypto markets. Coordinated Watchlist Designation On March 28, 2025, each exchange published separate notices announcing the designation. While the exact reasons vary slightly by platform, common factors include concerns over the project‘s transparency, token distribution, and compliance with South Korea’s Virtual Asset User Protection Act. The act requires exchanges to conduct regular reviews of listed assets, particularly regarding disclosure of project fundamentals and risk of market manipulation. Upbit cited insufficient disclosure of key project information and a high concentration of token supply among a small number of wallets. Bithumb pointed to the projects failure to meet updated listing maintenance standards, while Coinone flagged abnormal trading patterns and a lack of responsive communication from the $BONK development team. Implications for Traders and the Market For holders of $BONK on these platforms, the watchlist status is a warning. Exchanges typically give a grace period — often 30 days — during which investors can withdraw or trade their holdings before
Upbit and Bithumb, two of South Koreas leading cryptocurrency exchanges, announced new trading support for Metaplex (MPLX) and Nexus ($NEX). However, following its initial announcement, Upbit stated that it had changed the trading start times for both assets. Accordingly, the trading start date for Metaplex (MPLX), previously scheduled for July 3, 2026 at 3:00 PM, has been postponed to 7:00 PM, while the start time for Nexus ($NEX), previously announced as 6:00 PM, has also been moved to 7:00 PM. According to Upbit‘s announcement, MPLX will be traded on the Solana network for BTC and $USDT, while $NEX will be traded on the Ethereum network for $USDT. Deposits and withdrawals for both assets are planned to open within two hours of the announcement’s release. The exchange also stated that the trading start time may be postponed again if sufficient liquidity is not available. The new listings will also implement various trading restrictions for users. Accordingly, buy orders will be restricted for approximately 5 minutes after the trade opens. During the same period, sell orders cannot be placed at levels more than 10% below the previous days closing price. In addition, all order types except limit orders will be temporarily restricted for the first
South Koreas Consumer Dispute Resolution Commission has ruled that crypto exchange Bithumb must compensate approximately 30,000 users who participated in a promotional event last year, ordering the company to pay 100,000 won (roughly $73) per applicant. If applied to all eligible participants, the total payout could reach 3 billion won, or about $2.2 million. What happened with the promotion? The dispute centers on a promotion launched on November 10, 2023, which offered first-time API traders a full fee rebate and an additional 100,000 won support payment. After the event began, Bithumb added a clause excluding one-time trades made solely to claim the reward. The exchange subsequently denied payment to some participants who had executed single trades. The commission ruled that this change constituted the introduction of a new condition, not a clarification of existing terms. Under South Korean consumer protection law, companies cannot retroactively alter promotional conditions after users have already taken qualifying actions based on the original offer. Why this matters for crypto users This decision sets an important precedent for how cryptocurrency exchanges operating in South Korea handle promotional events. The ruling reinforces that exchanges cannot modify terms after users have committed to an action, even if the modification appears reasonable from the