Bithumb is a South Korean cryptocurrency exchange that was founded in 2013 by a company called BTC Korea.com Co. Ltd. The exchange was created to provide a platform for South Korean investors to trade cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The founders of Bithumb are Kim Dae-shik and Kim Jae-wook, who are both experienced entrepreneurs in the technology industry. Since its launch, Bithumb has become one of the largest cryptocurrency exchanges in the world, with a daily trading volume of over $1 billion.

Bithumb is headquartered in Seoul, South Korea, and has become a popular destination for cryptocurrency traders in the region. The exchange has been praised for its user-friendly interface and its ability to handle large volumes of trades. Bithumb has also been at the forefront of the cryptocurrency industry in South Korea, working closely with the government to establish regulations and guidelines for the industry. In 2018, Bithumb was acquired by a Singapore-based blockchain consortium called BK Global, which has helped to expand the exchange's reach and influence in the global cryptocurrency market.

Despite its success, Bithumb has faced some challenges in recent years. In 2017, the exchange suffered a major security breach that resulted in the theft of over $30 million worth of cryptocurrencies. Bithumb has since implemented stronger security measures to prevent future breaches, but the incident highlighted the risks associated with trading cryptocurrencies on centralized exchanges. Despite these challenges, Bithumb remains a popular destination for cryptocurrency traders in South Korea and around the world, and is likely to continue to play a significant role in the development of the cryptocurrency industry in the years to come.