Bithumb Reopens Withdrawals for 10 Cryptocurrencies Including XRP


One of the largest virtual currency exchange platforms in the world and the main exchanger in South Korea, Bithumb, yesterday, the 4 August, made an official announcement on the reopening of withdrawals and deposits for 10 listed cryptocurrencies. The announcement confirmed that the list of cryptocurrencies for the services of the first round will include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Ethereum Classic (ETC), Qtum (QTUM), Litecoin ( LTC), Bitcoin Cash (BCH), Monero (XMR), Zcash (ZEC) and Mithril (MITH).

Bithumb, which is currently 12 th largest exchange of cryptocurrencies by volume of trade in the world, also confirmed that the time for reopening of withdrawals and deposits were transferred at 7pm from the previous 11am announced ( Korea Standard Time) of 4 August.

At the beginning Bithumb had announced that the platform aimed to provide a more stable service environment and therefore had to slightly delay the pick-up and deposit services for the first round cryptocurrency.

Previously, as reported, a major hacker attack was made on the platform following which $ 30 million was stolen in cryptocurrency by Bithumb. This forced the exchanger to temporarily suspend all types of deposits and payments. Later, however, Bithumb confirmed that the stolen amount was lower than previously announced, stating the real sum of only $ 17 million. At the time, Bithumb claimed that the stolen amount was actually lower than the initial estimates due to "ongoing participation, support and cooperation in the exchange of cryptocurrencies and cryptocurrency foundations around the world".

As reported CoinMarketCap, Bithumb is currently at the top of the twelfth list of all exchangers in the world market according to commercial volumes. As official data states, more than $ 125 million transactions are worth executing in 24 hours on the platform as of now.

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