GEORGE TOWN, Cayman Islands, Aug. 29, 2025 — Toobit, the award-winning global cryptocurrency exchange, has announced its successful integration with Bithumb, South Korea’s second-largest virtual asset trading platform.
This strategic alliance, facilitated through the CODE Travel Rule Alliance, improves the security and compliance of cryptocurrency transfers for users on both platforms.
The integration allows traders to transfer crypto assets between Toobit and Bithumb more quickly and transparently. All transfers comply with strict Travel Rule standards, ensuring transaction safety and adherence to international regulations.
“Our aim is to simplify and secure crypto transfers for our community,” stated Mike Williams, Chief Communication Officer at Toobit. “This integration reduces obstacles in crypto transfers and offers an additional layer of security for our traders.”
Key benefits for traders:
- Secure and compliant transfers: All transactions between Toobit and Bithumb now adhere to FATF-aligned Travel Rule standards, meaning transfers exceeding KRW 1 million meet international regulatory requirements.
- Faster asset movement: This integration streamlines crypto transfers by minimizing deposit and withdrawal friction.
- Enhanced protection: Transaction details and wallet information are automatically verified between the platforms, mitigating risk and enhancing transfer accuracy.
CODE (COnnect Digital Exchanges) is a Travel Rule solution provider established by South Korea’s three largest exchanges, Bithumb, Coinone, and Korbit, to guarantee compliance with both domestic and international anti-money laundering (AML) standards.
The global cryptocurrency market is increasingly focused on regulatory compliance, with over 73% of jurisdictions worldwide having enacted legislation to implement the FATF Travel Rule. Major industry players are striving for full compliance by year’s end.
About Toobit
Toobit is a cryptocurrency derivatives exchange designed for traders who seek to explore new opportunities. It offers deep liquidity and advanced technology, enabling traders worldwide to navigate digital asset markets confidently. Toobit provides a fair, secure, seamless, and transparent trading environment, ensuring every trade is a chance to discover what’s next.
For more information about Toobit, visit: | | | | |
Contact: Davin C.
Email: market@toobit.com
Website:
Disclaimer: This content is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.
Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
