This article was first published on: CryptoPotato --

Bithumb, one of South Korea’s biggest cryptocurrency exchange reportedly plans to develop a native cryptocurrency dubbed Bithumb Coin before the end of 2018.

According to reports, the project aims to attract investors to the company. But Bithumb did not reveal the number of the tokens that it will allocate for private sales, reserved for big investors.

Bithumb is a subsidiary of BTCKorea, a company required by law to publicly release every company’s (including its subsidiary’s) information and earnings. To this end, Bithumb’s ICO is complicated and cannot be clearly shown in the company’s annual report; this is the reason behind the lack of detailed information about the upcoming ICO. When these complications are cleared, the company will release necessary details.

Bithumb may establish its ICO in Singapore, following the steps of Icon (ICX), a Korean platform token, which launched its coin in Switzerland to prevent any lash back from the law. Cryptocur...

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