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Bithumb targets Vietnam crypto exchange market through SSID deal

Bithumb targets Vietnam crypto exchange market through SSID deal

South Korean crypto exchange Bithumb has signed a memorandum of understanding with SSI Digital Technology, or SSID, to explore a local digital asset exchange business in Vietnam. 

Summary

  • Bithumb partnered with SSID to explore a Vietnam exchange focused on custody, compliance, and security.
  • Vietnam’s licensing push is drawing Korean exchanges as regulators steer crypto trading toward domestic platforms.
  • The deal may include Bithumb investment if Vietnamese authorities approve SSID’s upcoming crypto exchange venture.

SSID is linked to SSI Securities, one of Vietnam’s largest securities firms. The agreement covers the setup and operation of a crypto…

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