BitMax.io Collaborates with Bithumb Korea on Blockchain and Infrastructure Tech Development

As part of their partnership, BitMax.io and Bithumb Korea will look to leverage each other’s market expertise and presence.

Singapore-registered global digital asset trading platform, BitMax.io has announced its partnership with Bithumb Korea, a cryptocurrency exchange and trading platform in South Korea. The partnership will benefit both the platforms as they take advantage of each other’s market expertise and presence. In today’s competitive environment, the collaboration will help in accelerating the development of product solutions and promote new opportunities for the two companies. As per the terms of the partnership, the two platforms will focus on developing blockchain and infrastructure technologies.

“For our institutional-grade trading platform, rigorous product innovation has always been a key point of differentiation. BitMax.io is excited about the thrilling opportunity of combining that approach with the deep crypto business expertise of Bithumb Korea. Both institutions will be closely working on the delivery of synergistic products and services to our worldwide users across the digital asset ecosystem,” said CEO of BitMax.io, Dr. George Cao.

Bithumb established research and development center in South Korea

Bithumb Korea is one of the world’s leading cryptocurrency exchanges in terms of total transaction volume and was founded in 2014. Bithumb has increased its blockchain technology investment by development and offering research, VC, kiosk, and custody services, thus making its contribution to the cryptocurrency ecosystem growth. BitMax.io, founded in 2018, provides a wide range of financial services and products for institutional and retail clients. Its robust product design ranges from novel volatility products to investment solutions such as margin trading.

Early in 2020, Bithumb launched its own research and development center in South Korea. According to sources, it has become the first company with a cryptocurrency and blockchain research center in the country. The research team at the new research and development center will be studying system architecture design for strengthening cryptocurrency private key security and public blockchain transaction analysis. Furthermore, the architecture research team will be focusing on high-performance transaction matching systems.