Bithumb Expands Into Vietnam With New Crypto Exchange Partnership

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Bithumb has signed an agreement with SSID, a subsidiary of Vietnam’s largest securities firm SSI, to launch a digital asset exchange in Vietnam. The partnership will focus on crypto wallets, custody, compliance, security, risk management, and product development. Subject to regulatory approval, Bithumb could also make a strategic investment in the venture. The move highlights growing competition among Asian exchanges to expand into emerging crypto markets with developing digital asset regulations.