Bithumb Signs MOU With SSID to Launch Vietnam Exchange
Bithumb, South Korea's second-largest cryptocurrency exchange, signed a memorandum of understanding (MOU) with SSID on 02 March 2026. An MOU is a formal agreement that sets out the intention to cooperate on a project. SSID, also known as SSI Digital Technology Joint Stock Company, is a subsidiary of SSI Securities, Vietnam's largest securities firm by capital. The two companies plan to jointly establish and operate a digital asset exchange in Vietnam. Bithumb chief executive Lee Jae-won and SSID chief executive Nguyen Khac Hai attended the signing at SSI's Hanoi branch.
"Our cooperation with SSI Securities and SSID, Vietnam's established traditional financial institutions, demonstrates international recognition of Bithumb's operational capabilities and transparency. We will prioritise full compliance with Vietnamese regulations and work together to build a safe virtual asset trading infrastructure.", 07 May 2026. — Bithumb Representative, Official Spokesperson, Bithumb
Bithumb holds second place in South KoreaBithumb operates as a centralised cryptocurrency exchange, a platform where users buy and sell digital assets. Multiple independent outlets, including Vietnam Investment Review and Technode Global, consistently describe it as South Korea's second-largest exchange by trading activity. No source in the available evidence disputes this ranking.
Vietnam processed $220–230 billion in cryptoBetween July 2024 and June 2025, Vietnam recorded an estimated $220–230 billion in cryptocurrency transaction volume, according to figures cited from analytics firm Chainalysis. Transaction volume measures the total value of crypto transferred on-chain and through exchanges during a period. The figure places Vietnam among the three largest crypto markets in the Asia-Pacific region.
Chainalysis ranks Vietnam fourth globally in adoptionThe Chainalysis 2025 Global Crypto Adoption Index placed Vietnam fourth among all countries. The index measures how widely populations use cryptocurrency relative to income and internet access. India, the United States, and Pakistan ranked first, second, and third respectively. Blockhead and KuCoin News both cite this ranking independently. "Our cooperation with SSI Securities and SSID, Vietnam's established traditional financial institutions, demonstrates international recognition of Bithumb's operational capabilities and transparency. We will prioritise full compliance with Vietnamese regulations and work together to build a safe virtual asset trading infrastructure.", 07 May 2026. — Bithumb Representative, Official Spokesperson, Bithumb
Bithumb holds second place in South KoreaBithumb operates as a centralised cryptocurrency exchange, a platform where users buy and sell digital assets. Multiple independent outlets, including Vietnam Investment Review and Technode Global, consistently describe it as South Korea's second-largest exchange by trading activity. No source in the available evidence disputes this ranking.
Vietnam processed $220–230 billion in cryptoBetween July 2024 and June 2025, Vietnam recorded an estimated $220–230 billion in cryptocurrency transaction volume, according to figures cited from analytics firm Chainalysis. Transaction volume measures the total value of crypto transferred on-chain and through exchanges during a period. The figure places Vietnam among the three largest crypto markets in the Asia-Pacific region.
Chainalysis ranks Vietnam fourth globally in adoptionThe Chainalysis 2025 Global Crypto Adoption Index placed Vietnam fourth among all countries. The index measures how widely populations use cryptocurrency relative to income and internet access. India, the United States, and Pakistan ranked first, second, and third respectively. Blockhead and KuCoin News both cite this ranking independently. Bithumb holds second place in South KoreaBithumb operates as a centralised cryptocurrency exchange, a platform where users buy and sell digital assets. Multiple independent outlets, including Vietnam Investment Review and Technode Global, consistently describe it as South Korea's second-largest exchange by trading activity. No source in the available evidence disputes this ranking.
Vietnam processed $220–230 billion in cryptoBetween July 2024 and June 2025, Vietnam recorded an estimated $220–230 billion in cryptocurrency transaction volume, according to figures cited from analytics firm Chainalysis. Transaction volume measures the total value of crypto transferred on-chain and through exchanges during a period. The figure places Vietnam among the three largest crypto markets in the Asia-Pacific region.
Chainalysis ranks Vietnam fourth globally in adoptionThe Chainalysis 2025 Global Crypto Adoption Index placed Vietnam fourth among all countries. The index measures how widely populations use cryptocurrency relative to income and internet access. India, the United States, and Pakistan ranked first, second, and third respectively. Blockhead and KuCoin News both cite this ranking independently. Bithumb operates as a centralised cryptocurrency exchange, a platform where users buy and sell digital assets. Multiple independent outlets, including Vietnam Investment Review and Technode Global, consistently describe it as South Korea's second-largest exchange by trading activity. No source in the available evidence disputes this ranking.
Vietnam processed $220–230 billion in cryptoBetween July 2024 and June 2025, Vietnam recorded an estimated $220–230 billion in cryptocurrency transaction volume, according to figures cited from analytics firm Chainalysis. Transaction volume measures the total value of crypto transferred on-chain and through exchanges during a period. The figure places Vietnam among the three largest crypto markets in the Asia-Pacific region.
Chainalysis ranks Vietnam fourth globally in adoptionThe Chainalysis 2025 Global Crypto Adoption Index placed Vietnam fourth among all countries. The index measures how widely populations use cryptocurrency relative to income and internet access. India, the United States, and Pakistan ranked first, second, and third respectively. Blockhead and KuCoin News both cite this ranking independently. Between July 2024 and June 2025, Vietnam recorded an estimated $220–230 billion in cryptocurrency transaction volume, according to figures cited from analytics firm Chainalysis. Transaction volume measures the total value of crypto transferred on-chain and through exchanges during a period. The figure places Vietnam among the three largest crypto markets in the Asia-Pacific region.
Chainalysis ranks Vietnam fourth globally in adoptionThe Chainalysis 2025 Global Crypto Adoption Index placed Vietnam fourth among all countries. The index measures how widely populations use cryptocurrency relative to income and internet access. India, the United States, and Pakistan ranked first, second, and third respectively. Blockhead and KuCoin News both cite this ranking independently. The Chainalysis 2025 Global Crypto Adoption Index placed Vietnam fourth among all countries. The index measures how widely populations use cryptocurrency relative to income and internet access. India, the United States, and Pakistan ranked first, second, and third respectively. Blockhead and KuCoin News both cite this ranking independently. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.