Ethereum (ETH) Becomes First Base Currency On Bithumb's New Decentralized Exchange

    Bithumb has recently launched its own decentralized exchange, which will start to work on October 15, 2 pm (UTC+8). The new platform will be known as Bithumb DEX and will be launched by the company and BGEX, a Hong Kong-based fintech firm. OneRoot Network will also be a part of the partnership.

    The official base currency of the platform will be Ethereum (ETH), the second largest crypto by the market cap. The Bithumb DEX exchange uses MetaMask, which is based on the Ethereum technology and will have 10 trading pairs, all of them paired against Ethereum initially.

    Promotional Free TRansactions and Airdrops

    People interested in the new decentralized exchange might be happy to know that the company has already set up a new plan to incentivize trading with promotions. For instance, transactions will be free for a whole month (October 15 to November 15). During this month, users will only pay gas fees to use the Ethereum network.

    Airdrops will also be made and they will distribute 500 ETH to users. They will be based on the trading activities of the users from October 15 to 30.

    The top 1,000 traders will receive the tokens if they have at least 1 ETH worth in trade volume for DENT, INS, POA20, RNT or WTC. Payments will be made on November 1.

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    Gabriel Machado
    Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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