Plastic surgeon buys top S. Korea Bitcoin exchange

phys.org | 10/12/2018 | Staff
shardonay (Posted by) Level 3
Click For Photo: https://3c1703fe8d.site.internapcdn.net/newman/gfx/news/2018/bithumbisthe.jpg

A consortium led by a prominent Seoul plastic surgeon purchased a controlling stake in South Korea's largest cryptocurrency exchange, reports said Friday.

The hyper-wired South has emerged as one of the world's top Bitcoin markets, at one point accounting for more than 20 percent of global bitcoin transactions—about 10 times the country's share of the global economy.

BK - Global - Consortium - Stake - Share

Singapore-based BK Global Consortium bought a 50-percent stake plus one share in Bithumb, the country's biggest virtual currency exchange, from shareholder BTC Holdings for about 400 billion won ($353 million), Yonhap news agency and other South Korean media said, citing industry sources.

Bithumb has more than a million customers but suffered a...
(Excerpt) Read more at: phys.org
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