One of the biggest stock exchanges is taking out Bithumb Coin. Binance has its own money, KuCoin owns it and soon joins the stock exchanges with its own crypto money in the South Korean crypto money market Bithumb.

Bithumb, one of South Korea's biggest stock exchanges, is running the Bithumb Coin market

Bithumb, one of South Korea's largest crypto-currency exchanges, plans to release its own in-house crypto currency called "Bithumb Coin"

However, Bithumb Coin's first money offer (ICO) could not be made in South Korea, as the East Asian country banned controversial fund-raising last year. For this reason, Bithumb says that when launching ICO abroad, Singapore is the most likely location for ICO and other transactions. Bithumb said:

We know that Bithumb Coin is sold by Bithumb affiliate and is the continuation of our activities. However, it is not yet clear how the procedure will be followed and where the implementation will be done.

Bithumb Coin's ICO is predicted to target institutional investors

Bithumb Coin's ICO is predicted to target large-scale institutional investors, unlike regular or small crypto-currency investors. Bithumb was the victim of a major security breach last year. This caused the cybercriminals to steal billions of dollars from the accounts of users on the stock market.

Bithumb's plans for a crypto money came after the Chinese crypto-currency exchange Huobi announced its intention to release its crypto currency Huobi Token (HT). This will be an ERC-20 standard trencher in Ethereum Blockchain.

Will function similar to Bithumb Coin, Binance Coin and KuCoin Shares

The popular crypto money market, Binance, has its own token, which has a high level of success since its release. Binance Coin (BNB) rewards platform owners with a coin each quarter, while allowing platform users to trade at significantly reduced cost. This makes the crypto money more valuable in theory because it increases the token shortage. The company's promotion report includes the following statements on the subject:

We make BNB purchases with 20% of our spouses every quarter and we burn the coins, until 50% of all BNB's come to us. We will hear all backlinks through Blockchain. Eventually we will have burned 100 million BNBs and will remain 100 million BNB on the market.

In the same way, KuCoin Shares (KCS), KuCoin's own internal secretary, is being used to reward its owners with passive income by sharing the revenue from wage earning. It makes sense to assume that Bithumb Coin will function like this crypto paralel.