Bithumb, one of the largest and most popular cryptocurrency exchanges in South Korea, announced that it has launched a global exchange service that offers perpetual futures trading with 100x leverage. At the same time, the global exchange service has multiple fiat currency trading.
Bithumb Expands With Perpetual Futures Trading
Cryptocurrency exchanges continue to expand in the market. The South Korean exchange launched a new service called Bithumb Global that is currently live in a beta version. This allows users to trade perpetual futures with test money.
Users will be able to trade with up to 100x leverage. This offers a responsive environment to implement trading strategies and also realize leveraged returns. Users would be able to earn up to $90 in BUSD coins after completing the KYC information. At the same time, users will have the possibility to participate in exclusive airdrops.
About this, a representative from Bithumb Global explained:
“We are expanding into U.K., Canada, Australia, Japan, Hong Kong, and 10 additional jurisdictions. Our service will include cryptocurrency exchanges, security token offerings, blockchain based project incubation, and ultimately culminating into a technology-driven tech fin, financial service institution.”
Bithumb operated he Bithumb DEX exchange as well. There are also other services offered by Bithumb such as ORTUS, an OTC desk that deals with institutional investors and other clients. The company wants to expand its global presence and reach a larger share of the crypto market.
At the moment, the beta offers users the possibility to test the new services with a dedicated virtual currency for the simulation called TBTC. This digital currency cannot be used for deposits or withdrawals and it can be used in the perpetual contract account. Once the beta ends, the digital asset will be completely removed from the platform.