Swiss crypto bank Amina became the first regulated bank to offer custody and trading services for Canton Coin on Canton Network.
Bitcoin News
South Korean crypto exchange Bithumb has signed a memorandum of understanding with SSI Digital, a subsidiary of Vietnam's largest securities firm SSI Securities, to cooperate on establishing and operating a virtual asset exchange in the country. The agreement was signed in Hanoi in March and announced on Thursday.
Under the MoU, Bithumb may also make a strategic equity investment in an entity designated by SSI Digital, pending Vietnamese regulatory approvals. No timeline has been set for a formal license application or a final investment decision.
The partnership positions Bithumb for Vietnam's crypto exchange pilot program, which was unveiled in September 2025. That program requires exchange operators to be Vietnamese-incorporated entities with a minimum charter capital of at least 10 trillion dong, equivalent to roughly $380 million, and caps foreign ownership at 49%.
Competition for available licenses is already building. A Finance Ministry document cited by Reuters in March identified five firms that cleared an initial qualification round, including affiliates of private banks Techcombank, VPBank, and LPBank, along with broker VIX Securities and conglomerate Sun Group. VPBank-linked CAEX, considered one of the most advanced bids, secured backing from OKX Ventures and HashKey Capital in April to help meet the capital threshold.
SSI Securities established SSI Digital Technology JSC in 2022 to pursue digital asset opportunities. Bithumb said the two firms plan to collaborate on exchange technology, wallet and custody systems, security and risk management, regulatory support, and institutional business development. Vietnam ranked fourth globally in crypto adoption in 2025, according to blockchain forensics firm Chainalysis.
The international push comes as Bithumb navigates pressure at home. The exchange delayed its initial public offering to sometime after 2028, citing the need to strengthen accounting policies and internal controls following earlier regulatory sanctions.
In February, Bithumb mistakenly credited customers with 620,000 BTC instead of 620,000 won during a promotional event, briefly generating more than $40 billion in notional balances and causing sharp price swings on the platform. The firm recovered 99.7% of the funds and is pursuing legal action to reclaim the remaining seven BTC.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
