Bithumb plans to expand into the Vietnamese market through a new partnership with SSID.

CoinFeed reported on May 7th that, according to The Block, South Korean cryptocurrency exchange Bithumb announced a memorandum of understanding with Vietnam's SSI Digital to establish a digital asset exchange in Vietnam, collaborating on wallet and custody systems, security and risk management, compliance, and product development. Bithumb may make a strategic investment in SSID's upcoming exchange, subject to local regulatory approval.