Following its pivotal CODE compliance approval last month, WOO Network announces the successful integration of WOO X Global with Bithumb, marking a strategic milestone in its Asian expansion.
Bithumb: A Powerhouse in the Korean Crypto Market
As the largest exchange in the CODE Travel Rule Solution Network and Korea’s second-largest crypto platform, Bithumb boasts:
- 8+ million users
- $1+ trillion in cumulative trading volume
What Is CODE?
Connect Digital Exchanges (CODE) is a Travel Rule compliance solution jointly adopted by Korea’s top three exchanges:
- Bithumb
- Coinone
- Korbit
This integration enables seamless deposits and withdrawals between WOO X Global and 20+ exchanges within the CODE network.
Understanding the Travel Rule
Defined by the Financial Action Task Force (FATF), the Travel Rule enhances transaction traceability by requiring:
- Virtual Asset Service Providers (VASPs) to share sender/receiver details (e.g., names, wallet addresses) for transfers ≥ ₩1 million (~$745).
- Compliance with South Korea’s Special Financial Transactions Information Act (revised March 2021).
👉 Explore how CODE simplifies cross-exchange compliance
Limited-Time Zero-Fee Trading Event
Celebrating Bithumb’s 10th anniversary, users enjoy zero fees on all KRW/BTC trading pairs.
How to Claim Zero Fees:
- Log in to your Bithumb account.
- Navigate to Customer Service > "Zero Fee Application".
- Enter promo code:
FREE-10TH. - Click Apply.
⚠️ Offer valid only for users in WOO X Global-supported regions.
FAQs
Q: What is the Travel Rule’s purpose?
A: To increase transparency in crypto transfers by mandating data sharing between VASPs.
Q: Which Korean exchanges use CODE?
A: Bithumb, Coinone, and Korbit.
Q: How long is Bithumb’s zero-fee event active?
A: Limited time only—apply the promo code before expiration.
Q: Does WOO X Global support fiat deposits?
A: Integration with Bithumb enables KRW-based transactions.
👉 Discover seamless crypto trading with WOO X Global
Disclaimer: Content is informational only and not financial advice. Refer to WOO Network’s official channels for updates.