Exchanges • October 12, 2018, 9:48AM EDT
UPDATED: October 12, 2018, 9:54AM EDT

South Korean consortium buys a majority stake in Bithumb for ~$350M

Read the non-AMP story on Theblock.co
The Block

Bithumb is one the largest Korean cryptocurrency exchange by trading volume. BK Global Consortium signed a deal to buy 50% plus one share of BTC Holding Co., the largest investor in Bithumb. Prior to the deal, BK Global Consortium was the fifth-largest shareholder of BTC Holding Co. This deal solidifies BK Global Consortium's position as the largest shareholder in Bithumb and will be completed in February 2018. (Source: Bloomberg)