PANews reported on January 6 that according to BizWatch, South Korean crypto exchange Bithumb has transformed its defunct subsidiary Bithumb Meta into Bithumb Partners and has begun to promote investment business. It is reported that Bithumb Partners will be mainly responsible for using Bithumb's own funds to invest in short-term debts such as stocks and bonds, to distinguish it from Bithumb Investment, a subsidiary mainly responsible for investing in external companies.
Industry insiders pointed out: "When Bithumb officially implemented its personnel reorganization, it proposed a system of surviving legal entities and new investment legal entities centered on the exchange, so the establishment of this investment subsidiary seems to be related to this. Given that Bithumb has publicly announced that it will conduct an initial public offering (IPO) this year, the market is highly concerned about how its establishment of subsidiaries and other initiatives will proceed."
