January 19, 2019

Bithumb denies launch of VC unit

PUBLISHED : February 05, 2018 - 15:41

UPDATED : February 05, 2018 - 15:41

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] BTC, operator of Korea’s major cryptocurrency exchange Bithumb, on Feb. 5 denied speculations that it will establish a new venture capital firm under its business. 

Earlier in the day, local media outlets reported that Bithumb is hiring new talent under its investment business division to create a new venture capital unit. The firm has been looking to fill three positions: a junior manager, senior manager and managing partner with backgrounds from venture capital and private equity firms that have a great amount of deal experience.

“At the moment, we don’t have plans to establish a separate venture capital unit,” a spokesperson for Bithumb told The Investor. “We are hiring people with VC and investment experience for our businesses within the company.

Industry watchers say BTC Korea is aiming to actively invest in the coming years to make use of its piled up cash, thanks to huge transaction fees following Bitcoin’s meteoric rise here. Bithumb is estimated to have made earnings of more than 300 billion won (US$267 million) last year. 

Lately, Bithumb has been on a hiring spree to accommodate its rapid growth. Bithumb, which already has about 450 workers, is planning to hire an additional 400 full-time employees by the end of this year. The jobs range from financial technology to marketing, advertisement, information technology development, web design, overseas sales, finance and investment to customer service, among others. 

By Ahn Sung-mi (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. 아 04099