Bithumb and Vietnam’s SSID Collaborate on Exchange Business… “Adhering to Global Regulatory Standards”
– Establishment of a strategic partnership for the establishment and operation of a local virtual asset exchange in Vietnam
– Reviewing the export of exchange operation technology and local investment

Lee Jae-won, CEO of Bithumb (left), and Nguyen Khac Hai, CEO of SSID (right), are posing for a commemorative photo after signing the MOU.

Bithumb announced on the 7th that it has signed a comprehensive Memorandum of Understanding (MOU) with SSID (SSI Digital Technology Joint Stock Company), a subsidiary of SSI Securities (hereinafter SSI), Vietnam’s largest securities firm (based on capital), for a local virtual asset exchange business.

Bithumb signed the MOU with SSID on March 2 at the SSI Hanoi Branch, focusing on “cooperation in the development and operation of local exchange businesses and related financial services in Vietnam.” The signing ceremony was attended by Bithumb CEO Lee Jae-won and SSID CEO Nguyen Khac Hai, among others. Following the ceremony, SSI Securities Chairman Nguyen Duy Hung also attended, further solidifying the partnership between the two companies.

This MOU aims to establish a strategic partnership for the establishment and operation of an exchange within Vietnam. Notably, the agreement deepens the scope of cooperation by leaving open the possibility of a strategic equity investment by Bithumb in a designated entity of SSID, subject to future approval of Vietnamese virtual asset regulations.

Both companies plan to cooperate across the entire process of exchange establishment and operation, including technology architecture and development, wallet and custody systems, security and risk management, regulatory support and knowledge transfer, business and product development, and institutional business.

Based on its years of accumulated exchange operational know-how and security technical capabilities, Bithumb will support the establishment of a stable trading infrastructure that complies with Vietnam’s local regulatory environment, while SSI Securities and SSID plan to accelerate business progress by leveraging their deep understanding of the local financial market and extensive networks.

Meanwhile, SSI Securities is a Vietnamese securities firm established in December 1999, possessing a branch network in major cities such as Hanoi, Ho Chi Minh City, and Hai Phong. It provides comprehensive financial services based on its financial capabilities, corporate governance, and professional workforce.

A Bithumb official stated, “Cooperation with SSI Securities and SSID, traditional local financial institutions, is a result of the international recognition of Bithumb’s exchange operational capabilities and transparency,” adding, “We will prioritize strict compliance with the regulatory environment of the Vietnamese financial authorities and cooperate to build a safe virtual asset trading infrastructure.” (End) https://feed.bithumb.com/press/1653147