Bithumb Partners with Vietnam’s SSI Digital to Forge Crypto Exchange Venture

Bithumb exchange News - Bithumb, a leading South Korean exchange, has signed a memorandum of understanding with SSI Digital Technology (SSID), a subsidiary of Vietnam's SSI Securities, to explore launching a cryptocurrency exchange in Vietnam. This partnership, as announced today, leverages Bithumb's robust technical infrastructure alongside SSID's deep local market expertise. The collaboration encompasses cutting-edge exchange technology, secure wallet systems, and comprehensive compliance frameworks. Bithumb may also take an equity stake in the venture, pending regulatory approval from Vietnamese authorities, which require exchanges to hold at least 10 trillion dong (approx. $393 million) in capital. Vietnam currently ranks fourth globally in crypto adoption, per Chainalysis' 2025 index, underscoring the strategic importance of this move amid surging institutional interest in Southeast Asia's digital asset markets.