Bithumb Will Launch A Cryptocurrency Listing Committee

The latest cryptocurrency news show that the South Korean exchange Bithumb will launch a new committee in September – mainly to deal with the selection of cryptocurrencies which can be traded on the platform.

As the South Korean news daily outlet named Yonhap News shows, the formation of Bithumb’s new committee will initiate on August 22. The committee will be entitled the Listing Eligibility Deliberation Committee and will mainly review the exchange’s listings once a month.

Daily trading volume, change in base market capitalization and project support are among the areas of main focus. Bithumb will launch the listing committee because of that – and cryptocurrencies that fail to meet the committee’s standards will have two months to improve their status before they are delisted.
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The altcoin news also show that Bithumb will launch a committee that will consists of lawyers and professors – mostly to bring legal, technical and fintech experts on board and review the listing process of the exchange. As an official spokesperson for the exchange said:

“We will strengthen the check on technology development efforts and utility of cryptocurrency projects. We will take the lead in protecting investors by creating a transparent and safe trading environment.”

As we previously said in the coming altcoin news, the Singapore based crypto exchange known as Bitholic has changed its name to Bithumb Singapore. At press time, connecting on https://www.bitholic.com will redirect you to the URL www.bithumbsg.com because of the new change.

“BITHOLIC is planning to provide its service under the name of Bithumb Singapore through the brand licensing agreement with Bithumb (South Korea’s largest crypto exchange),” the website shows in a notice.

While the news show that Bithumb will launch a new cryptocurrency listing committee, the market shows that there is a lot of vulnerability right now as Bitcoin has fallen to $10,000 in the past couple of hours. Altcoins have been performing poorly too, especially Binance Coin (BNB), Ethereum (ETH), Monero (XMR), Chainlink (LIKN) and others.

There are a lot of mixed opinions about the future of cryptocurrencies as seen on the best cryptocurrency news sites. While some analysts are still optimistic about BTC reaching $20,000, others believe that a new downward turn may also be on the horizon.