Koreas’s No. 2 crypto change indicators memorandum with World Liberty, boosting world attain
Bithumb, one in every of South Korea’s largest cryptocurrency exchanges, has fashioned a basic partnership with World Liberty Financial, the crypto enterprise based by relations of US President Donald Trump, because it seems to develop its worldwide community.
The corporate mentioned Tuesday it signed a memorandum of understanding with World Liberty a day earlier and hosted a ceremony on the Bithumb Financial Heart in Seoul’s Gangnam district. Bithumb CEO Lee Jae-won, World Liberty co-founder Zak Folkman and executives from either side attended.
World Liberty Financial is a decentralized finance protocol and blockchain agency tied to the Trump household. It was launched in September 2024 when Trump introduced his sons’ entry into the crypto market with the brand new enterprise. World Liberty issued its first token, WLFI, in October 2024, which is now listed on main world exchanges, together with Bithumb.
Whereas the partners didn’t specify concrete tasks, they mentioned they plan to “collaborate on discovering new enterprise alternatives and reinforcing world investor belief.”
The partnership follows a gathering between Bithumb CEO Lee and Eric Trump, World Liberty co-founder and Trump’s second son, on the Bitcoin Asia 2025 in Hong Kong in August.
“This collaboration with World Liberty Financial will mark an essential milestone in enhancing Bithumb’s world competitiveness,” Lee mentioned, pledging to proceed strengthening the corporate’s strategic partnerships.
Korea stays one of many world’s high 5 cryptocurrency markets, with whole market capitalization surpassing 100 trillion gained ($72 billion) this 12 months. Bithumb is the nation’s second-largest crypto change and ranks No. 19 globally by buying and selling quantity, in accordance with CoinMarketCap.
Bithumb added that it’s stepping up its abroad push, additionally holding follow-up talks in Seoul with Circle on Monday, the US-based stablecoin issuer, after their August assembly.
jwc@heraldcorp.com
