GEORGE TOWN, Cayman Islands, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Toobit, the award-winning global cryptocurrency exchange, today announces its successful integration with Bithumb, South Korea's second-largest virtual asset trading platform.
This strategic partnership, established through the CODE Travel Rule Alliance, enhances the security and compliance of crypto transfers for traders on both platforms.
This integration means that traders can now move crypto assets between Toobit and Bithumb with greater speed and transparency. All transfers adhere to strict Travel Rule standards, ensuring that transactions are safe and compliant with international regulations.
"Our goal is to make crypto transfers as safe and simple as possible for our community," said Mike Williams, Chief Communication Officer at Toobit. "This integration eliminates friction in crypto transfers and provides a new layer of protection that our traders can rely on."
Key benefits for traders:
- Secure and compliant transfers: All transactions between Toobit and Bithumb now follow FATF-aligned Travel Rule standards. This means that transfers over KRW 1 million meet international regulatory requirements.
- Faster asset movement: This integration makes crypto transfers more efficient by reducing the friction in deposits and withdrawals.
- Enhanced protection: Transaction details and wallet information are automatically verified between the two platforms, reducing risk and improving the accuracy of every transfer.
CODE (COnnect Digital Exchanges) is a Travel Rule solution provider founded by South Korea’s three largest exchanges, Bithumb, Coinone, and Korbit, to ensure compliance with domestic and global anti-money laundering (AML) standards.
The global cryptocurrency market is increasingly prioritizing regulatory compliance. Over 73% of jurisdictions worldwide have passed legislation to implement the FATF Travel Rule, with major industry players aiming for full compliance by the end of the year.
About Toobit
Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.
For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram
Contact: Davin C.
Email: market@toobit.com
Website: www.toobit.com
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