The cryptocurrency industry is always evolving, leading to increased awareness and popularity of Bitcoin and other crypto-assets. Among the leading areas of innovation in this emerging ecosystem is the evolution and sophistication of new cryptocurrency exchanges. A lot of existing exchanges create own and limited value proposition to its users, for instance, offering trade tutorials, global reach and mass adoption of cryptocurrencies.
The Chain Reaction-Global Blockchain Value and Application-Media Exchange Conference was successfully held online on June 18, as Shanghai Bay Area government representatives and blockchain industry experts engaged in a round of cloud communication and sharing. The event was co-sponsored by the Management Committee of Shanghai Bay Area Science and Innovation Center, GBVARC (Global Blockchain Value and Application Research Center), Zhejiang Yangtze Delta Region Institute of Tsinghua University, Shanghai Development Research Foundation, and Unifive Technology Group.
Bithumb Korea ("Company"), a company operating virtual asset exchange, Bithumb, reported strong 2019 results - 144.6 billion KRW in revenue, 67.7 billion KRW in operating income, and 37.2 billion KRW in net income. The Company successfully returned to profitability after 1 year, initially posting a net loss of 205.7 billion KRW in 2018. Since 2018, Jae Won Choi, CEO of Bithumb Korea, escalated customer experience to the top of the Company's agenda, and focused on enhancing the user interface (UI) on the trading platform and continually improving communication with customers.
Fireblocks, the most trusted institutional digital asset management platform, announced today that LGO will be the first to use Fireblocks' Vault, Secure Transfer Environment and API infrastructure to power its exchange operations. In doing so, Fireblocks' security infrastructure will allow LGO to improve the efficiency of its exchange while expanding its product offerings and increasing the speed at which customers can access and withdraw funds by tapping its liquidity to Fireblocks institutional ecosystem.
Crypto.com, the pioneering payments and cryptocurrency platform, announced that its MCO token will be listed on CoinDCX, one of the largest India's cryptocurrency exchanges, on 14 April 2020. Following a recent announcement of it's Crypto.com App opening for users in India just a month ago, this partnership marks another significant step towards fulfilling Crypto.com's vision of accelerating the world's transition to cryptocurrency, with tremendous growth potential for the India market.
Sensorium Corporation has listed its digital currency Senso Token on HitBTC, one of the oldest and most advanced cryptocurrency platforms operating today. The move follows a recent listing of Senso Token on the KuCoin cryptocurrency platform and signals Sensorium's intention to expand its operations and enable users to engage deeply with Sensorium Galaxy, the unique and industry leading 3D social virtual reality platform.
Digital Entertainment Asset Pte Ltd (DEA) announced that its cryptocurrency "DEAPcoin", will be listed on OKEx, one of the world's largest [1] cryptocurrency exchanges, from 8 April 2020. DEAPcoin is designed to be a key currency bolstering DEA's blockchain-enabled entertainment ecosystem called "PlayMining". It allows users to play free PvP (player-vs-player) strategy games featuring manga characters created by world-renowned creators, collect character assets and trade them with DEAPcoin to win the games. The highest standard of security made possible by DEA's technology also ensures creators are rewarded fairly and their IPs (intellectual properties) are strictly protected.
Huobi Group today announced financial results for its digital assets mining and trading pool, Huobi Pool, for the fiscal year ended December 31, 2019. The annual report marks the first time Huobi Pool has released financial data since its launch in 2018. "2019 was a pivotal year for Huobi Pool, driven by strong revenue performance from our staking operations and the rapid growth of our cloud PoW mining service," said Ciara Sun, VP of Global Business at Huobi Group. "We've invested heavily in the Huobi Pool ecosystem and we're excited about the division's continued traction as we expand the service globally this year."
On March 17, 2020, KuCoin, an IDG-backed crypto exchange, announced today the establishment of KuGroup, and CEO Michael Gan has been appointed as the Chairman of KuGroup. Also, KuCoin co-founder Johnny Lyu has been appointed the position of CEO of KuCoin Global. With the expansion of KuCoin's services and ecosystem, the management team decided to adjust the company structure and establish KuGroup, which consists of three business groups, namely KuCoin Global, KuCloud, and the KuChain & KCS Business Group.
Huobi Thailand, a localized digital asset exchange powered by the Huobi Cloud platform, recently announced its official launch. Licensed by Thailand's Ministry of Finance, Huobi Thailand provides locals with a safe, fully compliant trading platform for the world's most popular cryptocurrencies and stablecoins. At launch, Huobi Thailand allows users to purchase BTC, ETH, HT, and USDT with Thai Baht. By enabling direct swaps between Baht and digital assets via a fiat gateway, Huobi Thailand aims to make digital assets more accessible to a wider community of Thai users. Other digital assets such as BCH, BSV, LTC, and XRP will be supported in near future.