Today Bithumb Global announces an exchange for Russian citizens with regional language support as part of its expansion strategy. Co-founder and managing director of Bithumb Global Javier Sim has shared with COIN360 why Russia is among the first markets in line for its expansion strategy:
“Russia is one of the major world economies and an important market for investments. Many Russian investors that trade Bitcoins have been working within the cryptomarket since the first years. That is why Russia is among the first countries where we have started our global expansion.”
So far the company has just announced the Russian interface and support in the local language, but according to Bithumb representatives, in the future the team plans to add trading pairs with local currency. However, as of yet no dates have been revealed. According to the team, details are forthcoming.
As part of the market entry strategy, Javier Sim will host meetings with the local blockchain community during Blockchain Life conference in Moscow on October, 16-17 and during the Eurasian Forum of Innovation & Digital Economy in Saint Petersburg on October 19.