BitGlobal, previously known as Bithumb Global, is a cryptocurrency trading platform based in South Korea and registered in Seychelles. The exchange was launched in May 2019. The BitGlobal crypto exchange promotes itself as a comprehensive digital financial ecosystem that also offers trading, staking, staging, and C2C services to its users.
BitGlobal cryptocurrency exchange includes a crypto wallet, over-the-counter trading, initial coin offerings (ICOs), custody services, and BTC investments. The BitGlobal App is offered on the platform, and it is compatible with both iOS and Android. Besides, KYC verification is necessary to access BitGlobal.
BitGlobal cryptocurrency exchange is able to support regional fiat currencies. Hence, it is a crypto-crypto and crypto-fiat exchange.
Moreover, BitGlobal spot trading is available with around 200 BitGlobal trading pairs and more than eighty different coin listings. Users may choose to trade on any one of these markets: Fiat, BTC, and ETH. Besides, they can also trade on DeFi, GameFi, and NFT markets.
The BitGlobal crypto fees follow the maker-taker model and are typically expressed as a fixed percentage of the total fees. BitGlobal levies a 0.10% BitGlobal exchange fee on both takers and makers of transactions. However, the BitGlobal cryptocurrency exchange has no deposit fees and charges a certain variable amount for withdrawals.
In January 2023, the BitGlobal trade volume ranged around $63 million. To see the current BitGlobal volume, check out the chart above.
Apart from trading, there are various other services the platform offers. For instance, BG Staking is a useful tool for users who are interested in developing their ability to generate passive money. Stakers have to lock their crypto assets in their wallets. After a certain amount of time has passed, users are rewarded with tokens pertaining to the chosen project.
Also, one of the distinguishing services of BitGlobal is known as BG Staging. This is an investment mechanism that encourages the promotion of blockchain enterprises that have just recently come into existence. Traders are required to show their interest in a certain project by transferring a portion of their assets to a predetermined account before they can participate in Staging. These assets remain frozen right up to the point at which the raffle tickets are handed out.
Moreover, BG Mining is intended to make it easier for users to connect to the most successful mining pools. In order to take part in the Mining Coin Selection Program hosted by BitGlobal, the prospective participants need to fulfill some requirements.
Furthermore, BG Learning is a service that offers users the opportunity to participate in interactive Q&A sessions related to blockchain premium projects in exchange for project tokens. These events are designed to assist users in gaining a better understanding of these projects.
Lastly, the exchange has the Smart Token feature. The seven Smart Tokens that were introduced are as follows: ETHS, BTCS, XRPS, BCHS, LTCS, BSVS, and COMPS. A Smart Token is a cryptocurrency with a yield rate linked to a specific underlying asset (e.g. ETH). So, for instance, the yield rate of the Smart Token ETHS (1x short ETH) is the same as that of ETH but has a reverse trend, meaning that when ETH declines 1%, ETHS rises 1%.
About the Company
The BitGlobal exchange is a subsidiary of Bithumb, which is a South Korea-based centralized cryptocurrency exchange (CEX). Customers from the immediate area are given priority, and the Korean Won is the primary form of payment among the several fiat currencies accepted.
BitGlobal crypto exchange is a transnational offshore initiative that was established with the intention of evading some of the limitations imposed on the digital currency industry by rules enacted in South Korea. It is referred to as "the global arm of Bithumb," and it aims to contribute to the growth of the digital asset market all over the globe.
Bithumb Global has appointed Javier Sim to the position of Managing Director. He was instrumental in the growth of Korean Bithumb into a successful enterprise operating on a global scale. In the years prior to that, he held positions at HSBC and Bank of China International.