Exchanges • October 4, 2018, 3:06PM EDT

One of Korea's largest crypto exchanges plans to launch a decentralized platform

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The Block

Bithumb announced its plans to unveil a decentralized exchange by the end of this month. The decentralized exchange, named "Bithumb DEX" will be operated by an overseas subsidiary. This announcement follows a June 2018 hack of Bithumb, in which hackers stole $31M worth of cryptocurrencies from the Korean exchange. (Source: BusinessKorea)