Overview
- Bithumb signed a memorandum of understanding with SSI Digital Technology to explore building a licensed cryptocurrency exchange in Vietnam.
- The collaboration covers trading systems, wallet and custody design, cybersecurity, risk controls, compliance support, product development, and institutional services.
- Bithumb may take a strategic equity stake in the exchange venture, which would require approval from Vietnamese financial regulators.
- Bithumb will bring exchange operations and security expertise while SSI and SSID contribute local market knowledge and access to Vietnam’s financial network.
- Vietnam’s pilot framework requires operators to be Vietnamese companies with at least 10 trillion dong in paid-in capital, prompting foreign exchanges to partner locally as rivals like MBBank with Upbit’s operator and VPBank-linked CAEX prepare bids.